Study: Real estate taxes hit poor hardest, not necessarily used for assumed purposes
Thursday, April 2, 2020 - 09:30
in Mathematics & Economics
For many people, especially those who are not wealthy, their home is their most valuable asset. But what happens when a person sells this asset? Are they taxed? If so, how much? A University of Kansas study found that municipal real estate transfer taxes in Illinois hit low-income homeowners the hardest.