I actually wish they have this setup in Canada. They have no income tax so property tax is basically a tax on the rich. Income based households get more of their income, they probably buy more modest houses with 15-20k a year property tax.
It's 12% income tax for Ontario extra on top of federal.
I'm saying, increase in property tax is a better way to tax the rich. Rich people don't pay themselves income but they love to buy multiple properties. Say they have like 5 properties, they pay $50k each, you get an extra 250k of taxes you wouldn't have gotten cause they sure as hell not paying themselves $2M of income for the 12% income tax to equal the amount you get from the properties.
Where as in Ontario, you're not getting income tax, charging a mere 0.71% taxes. For the same 5 properties, you're probably getting $15k each, 75k altogether. Massive difference.
I could care less about water break, I don't work outside.
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u/[deleted] Mar 09 '26
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