It’s typically about 5% here
Comment on EU-funded report calls for wealth of super-rich to be taxed, not income
sixCats@lemmy.dbzer0.com 11 months agoI think that’s crazy
I also think that’s crazy. In the UK we pay stamp duty, a one time tax when you buy property. It’s much more if it isn’t your primary residence
ryannathans@aussie.zone 11 months ago
JoBo@feddit.uk 11 months ago
You pay council tax. It is a different way of collecting the same tax.
sixCats@lemmy.dbzer0.com 11 months ago
Council tax doesn’t pay for any of the things that property taxes do. The USA also has separate taxes for bin collection etc
JoBo@feddit.uk 11 months ago
You’re paying for local services and the amount you pay is based on the value of your home. HTH
sixCats@lemmy.dbzer0.com 11 months ago
Yea but notably property taxes pay for schools in the USA, council tax pays for roads, lights, bins etc
In the UK you don’t get to go to a better school just because your house costs more money