Opinion: 'School tax' is efficient and fair
The B.C. government recently introduced a new property surtax that has proven controversial. Critics argue that it is unfair, regressive, and will force homeowners to sell. But the surtax is one of the best ways to fund public services. It is as economically efficient and fair as any tax increase can be.
This “school tax” costs residential property owners $200 per $100,000 of property value, but only on the part of the value above $3 million. It rises to $400
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