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I live in a small suburban city within the Little Rock metro area and have run the numbers before. You could replace income and sales taxes with a straight land

I live in a small suburban city within the Little Rock metro area and have run the numbers before. You could replace income and sales taxes with a straight land value tax (also replacing the tax on improvements to the land) and a household's tax burden would be roughly the same, if not less. Granted, mine is just one sample point, but it was enough to keep me interested and wanting to see further (and better) studies done.

seanalltogether 9y ago
The biggest problem I can spot with a solution like that is that it doesn't provide wiggle room for people that need to downscale rapidly. Say I lose my job and have to find something that pays half as much. With the current tax structure I can reduce spending and my income tax will automatically be lowered, so I can continue to afford my house. In an LVT only situation, I'm screwed.