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One way is to eliminate property taxes altogether and shift revenue to sales tax, payroll tax, VAT, or other non-property tax sources.
by pjlegato 10y ago
One way is to eliminate property taxes altogether and shift revenue to sales tax, payroll tax, VAT, or other non-property tax sources.
- nwah1 10y agoExcept that taxes on land value have no deadweight loss, unlike all those others. And property taxes fall heavily upon land values.
- pjlegato 10y agoThe question was simply about how it could be guaranteed that grandmas can't be priced out of their own houses in conditions of sharply rising property values, not about optimal tax structure in general.
- hx87 10y agoQuite simple, really--allow grandma to take full advantage of rising property values by adding apartment units to her existing house.