4 ms·
Replace portion of income tax with simple property tax. No complicated stuff like "unoccupied property taxes and non-resident investor taxes".
by throw737 6y ago
Replace portion of income tax with simple property tax. No complicated stuff like "unoccupied property taxes and non-resident investor taxes".
- bobthepanda 6y agoEven better than property tax, land value tax. Charging tax on property (building + land) mostly just disincentivizes more intensive buildings.
- bluGill 6y agoThe land value should be taxed, but it isn't a simple answer. Large buildings imply more people which mean more use of city services. I'm not sure what the right answer is, but I am sure simple answers that would fit into a comment box here are wrong.
- bobthepanda 6y agoIf you want to tax things to cover the cost of more people then it makes more sense to tax the people.
- bluGill 6y agoYou obviously need to tax enough to cover the costs somehow. Tax is also incentive. You want to tax things you want to discourage more than things that you want to encourage.