Many Black, middle-class NYC property owners say they’d be among the biggest victims of the Democratic Socialists of America’s proposed tax hikes.
Some told The Post the DSA’s Marxist measures — which include higher taxes for individuals making over $300,000, and taxing inheritances over $250,000 — would hurt New Yorkers like themselves who spent decades building up retirement accounts, paying off homes, and planning their estates to benefit their loved ones
“The reason you invest is to acquire wealth with the hopes of putting it towards your legacy, for your family — and this will greatly affect my family,” said mother-of-three Lorraine Smith-Singleton, 77, of Jamaica, Queens…