A local property tax is a tax on ________, while a tax on your salary is a tax on ________.

Name: A local property tax is a tax on ________, while a tax on your salary is a tax on ________.
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A local property tax is considered a tax on a stock because it is levied on the value of a property (a static asset) at a specific point in time. A tax on your salary, however, is a tax on a flow because it is levied on the income you earn over a period of time.

A Local Property Tax Is a Tax on ________, While