A sole proprietor landscaper making $45-50K a year in California is paying $675 a year in annual registration fees just to keep his newish pickup truck on the road. Why newish? Because the people he's servicing trust a guy with a nicer work vehicle than a beaten down 30 year old Tacoma.
A $900k developer with the same pickup is also paying $675 a year.
Extrapolate this seemingly trivial example across literally EVERYTHING in life.
We do not have marginal sales tax rates because it is not feasible.
Marginal income tax is feasible, and so it does exist in most places.
Marginal property/wealth tax is somewhere in the middle, given the difficulties in valuing thinly traded assets, and the tremendous effort required to appraise them all the time, over and over.
LA introduced a mansion sales tax.
Anywhere else?
My main issue with a marginal property tax is that the areas with high property values already have enough taxes generally for the things property tax covers.
Not sure at least in the US how feasible it would be to have a marginal property tax and the revenue go to the state and the Fed (or even the county's general fund in most places).
My guess is there's a 0% chance the marginal property tax could go to the Fed to reduce Federal income tax, and in most states, a low chance it could even go to the state, or even in most counties that it could go to the general fund instead of mostly to the local school district and local fire department (which are usually already funded adequately).