Greensboro raised vehicle taxes by 300% in 2016, a $20 increase for every car in every household, while they raised recycling by $2.50 a month, which was another $30 tax increase per household, while Water and Sewer rates increased by four percent, or an average of $1.81 per month, or 21.72 per year.
The City of Greensboro and Guilford County have been making poor people pay more so the wealthy pay less as a percentage of income, and they have been doing it for years.
Greensboro's poorest don't know they got the shaft, just like the time before, and the time before that, from a City Council who reap revenue on regressive taxation of the poor
Legal theft this is, from the poor for the benefit of the rich. They just roll with it as the press and friends are so financially illiterate, they can't figure it out enough to inform the majority of Greensboro's public of the scam.
If you made $100,000, and your taxes went up $62 or 0.0062% of your income, a tenth of one percent of your income.
If you made $50,000, and your taxes went up $62 or 0.0124% of your income, it cost more than a tenth of one percent of your income.
If you made $30,000, and your taxes went up $62, or 0.02066% of your income, it cost more than a two tenths of one percent of your income.
If you made $20,000, and your taxes went up $62 or 0.031% of your income, it cost more than a three tenths of one percent of your income.
A tax that takes a larger percentage from low-income people than from high-income people.
A tax that takes a larger percentage of the income of low-income people than of high-income people.
...it hits lower-income individuals harder.
Sales taxes...are generally considered to be regressive ...because expenses for food, clothing and shelter tend to make up a higher percentage of a lower income consumer's overall budget.
...even though the tax may be uniform (such as 7% sales tax), lower income consumers are more affected by it because they are less able to afford it.
...a regressive tax imposes a greater burden (relative to resources) on the poor than on the rich — there is an inverse relationship between the tax rate and the taxpayer's ability to pay as measured by assets, consumption, or income.
Regressive taxes tend to reduce the tax incidence of people with higher ability-to-pay, as they shift the incidence disproportionately to those with lower ability-to-pay.