#regressive-taxation

#regressive-taxation

Beth Weinberger's proposed "progressive" parcel tax based on square footage would, in fact, be regressive, selectively over-burdening those in larger homes without any consideration of their location. It could further devastate shops, restaurants, startups, and small industrial and R&D companies, many of whom rent in, or own, large old buildings, but have low revenues and are often unprofitable and struggling to survive.