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Presumably it would also be possible to take steps to adjust the LVT. For example, perhaps the first x thousand dollars of a family's primary home is untaxed.
by harimau777 7y ago
Presumably it would also be possible to take steps to adjust the LVT. For example, perhaps the first x thousand dollars of a family's primary home is untaxed.
- cmcaine 7y agoBut why? What problem would that rebate seek to solve? If the concern is that poor people might be unable to afford to stay in their homes, why not target poverty or house prices directly rather than adjusting the tax?
- harimau777 7y agoEither would be fine as long as it works. I just meant that there are different ways that a LVT could be implemented.
- iso947 7y agoIf you want to avoid the cash flow problem you allow the tax to be levied as a charge on the land - collected at disposal
- eru 7y agoRebates for primary homes are especially annoying, because they get the government into the business of deciding what your primary home is.