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NY property tax system seen as inequitable

It undervalues homes of the rich, shifts heaviest tax burden to the poor

[NEW YORK] Mayor Bill de Blasio's vision of raising income taxes to pay for pre-kindergarten and after- school programmes would generate US$530 million a year. By revamping property taxes - and taking on some of New York's richest residents - he could get eight times as much. Mr De Blasio, a

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