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axes are just a portion of income, so that would imply I had a lot of income.

Not necessarily. You pay taxes on more than just income. Property taxes can be a massive expense for seniors, and one for which they cannot easily substitute.

Assessed values in my country popped 20% in the last year. Thankfully, we have state cap on how much we can be charged in property taxes but I imagine that there are a few seniors in my community that might be challenged to pay their higher rate - and of course their are many areas facing far greater increases.
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