Taxes on wealth are favored by those who want to increase the taxes paid by the rich.Is the incidence of a comprehensive wealth tax likely to be progressive? Is the property tax, as used in the United States, a comprehensive wealth tax? Evaluate the incidence and effects on efficiency of the property tax in the United States.Why do some critics of the tax argue that it is regressive? Do you agree with their arguments?

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The Answer of Taxes on wealth are favored by those who want to increase the taxes paid by the rich.Is the incidence of a comprehensive wealth tax likely to be progressive? Is the property tax, as used in the United States, a comprehensive wealth tax? Evaluate the incidence and effects on efficiency of the property tax in the United States.Why do some critics of the tax argue that it is regressive? Do you agree with their arguments?

Taxes on Wealth Are Favored by Those Who Want to Increase