Show new york city has a bix taxation problem it should comfort single to know that real estate pays more than 72 per cent ot of the cites expenses which real estate owners consider a fairly good imitation ot of the single tax they demand a reduction of three billions in assessments on their property personal property which includes tens teas of billions of 0 stocks and bonds and other possessions ol of rich individuals pays only 2 per cent of 0 the total cost the explanation Is that you can hide conceal or evade taxation on personal property pio perty you cant conceal a skyscraper or a tenement house |