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Well, since the property owners are taxed according to the assessed value of their homes and businesses, their windfall will be factored into their assessment, so that they will pay proportionately more into Denver's (and the other municipalities'/counties') general revenues.

Given the population density structure of the Metro Denver region, a sales tax is actually more progressive here, as even those who can afford to drive and/or effectively live beyond the range of transit routes are forced to contribute to this infrastructure.

The fact is that what we're experiencing right now is a top-down disaster. -Paul Krugman

by dvx (dvx.clt št gmail dotcom) on Wed Jan 7th, 2009 at 10:52:06 AM EST
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