Reply to Looks like CC Historic District is Dead

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]DP, but the specific intersection at CT and Neb is very low density as is the chevy chase commercial area.[/quote]

Maybe that’s why people moved near there.[/quote]

Good luck collecting enough tax revenue to cover DCs expenses. The super rich people living in  NW DC will move out if you start upzoning this area. Many of these people have no interest in living in a high density neighborhood and they will not tolerate the dramatic changes to their community. The reality of it is the affluent households that pay a disproportionate share of income tax revenues people do not want to want giant apartment building in their neighborhoods and they will leave. The residents that replace them will not come close to making up for this lost tax revenue. [/quote]

Well, I bet if you replace one SFH with say two, two unit duplexes (so 4 in total) you likely will generate more overall tax revenue than that one SFH household.

The reality is the super rich live in Georgetown, Mass Heights, etc.  CC DC is a wealthy but not super rich area.

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Nonsense. People who live duplexes don’t pay jack shit in taxes. People who can afford single family homes in CC pay a ton in taxes. We have an extremely progressive tax system. [/quote]

Agree.  At the Federal level, top 1% pay 45.8%, top 5% pay 65.6%, top 10% pay 75.8%, and top 50% pay 97.7% of all Federal income taxes.  Bottom 50% pay 2.3%.  Assume DC numbers are roughly similar.  Turning SFHs into 2-4 unit buildings will not be a net tax benefit to DC.  Those living in these buildings, particularly families, are not likely to be paying much, if anything, in income taxes.  Yes, they will be paying property taxes.  But those property taxes and any de minimus income taxes will not offset the costs incurred by DC Govt.  The fact is that DC needs more rich people, not fewer, and DC needs places they want to live-namely, SFH neighborhoods.

https://taxfoundation.org/data/all/federal/latest-federal-income-tax-data-2024/

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