Now, raising property taxes on high-end properties makes sense if you think low-income, high-wealth residents are being unfairly privileged, but then you ought to consider that you're double-biting the people who are in the workforce.
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I moved out of the city three years ago, so this doesn't affect me anymore, but it is unlikely to help the city retain its tax base.
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GP And massive flight of the wealthy to other, lower tax states.
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Tennessee welcomes you! No income tax.
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