Taxing Capital Gains More Robustly Can Help Reduce DC’s Racial Wealth Gap
By Tazra Mitchell • October 31, 2023 • Revenue & Budget / Taxes
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By better targeting property tax benefits, the District could free up revenue to expand much-needed programs.
DC’s single-rate property tax imposes the same rate on $300,000 homes as it does on multi-million-dollar homes. By taxing residential property more progressively, the District would help correct the racist harm of past policies in the tax system and raise […]