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How do they pass a 100% tax on net income on? Raising the rent more (to offset the tax) generates new taxes in exactly the amount raised. Now, I'm sure they'l
by SomeStupidPoint 10y ago
How do they pass a 100% tax on net income on?
Raising the rent more (to offset the tax) generates new taxes in exactly the amount raised.
Now, I'm sure they'll just layer it through a few steps to avoid the tax (like outrageously priced management services they happen to own), but I'm not seeing how they'd (directly) pass the tax on.
- pavel_lishin 10y agoI don't think OP's proposal is to tax the income from the land, but the land itself. The whole idea is to prevent people from just sitting on un-utilized land.