3 ms·
Why not just consider every person a corporation? If it make 100K and it costs you 90K to run your family (yes there will be special rules) you pay tax on the 1
by lordnacho 5y ago
Why not just consider every person a corporation? If it make 100K and it costs you 90K to run your family (yes there will be special rules) you pay tax on the 10K.
If you make 1M and it costs you 400K to run your family, you pay on the 600K.
If you spend more than you earn, you carry forward the loss.
Land value tax makes sense on paper, but implementation is a huge question. Who decides the price, how often is it revised, how do you make it transparent? Maybe "solve" that issue with a trick: everyone decides their own value and thus their own tax, but whatever value they decide is a an offer to the market: if you think the person is underpricing their land, you can buy it from them at that price.
- njarboe 5y agoMost places in the US have had property taxes for centuries, so these implementation problems have already been solved (not always very well, but money is collected). Disentangling the land value from any improvements is a bit tricky, but not much more than determining the value of the total property. I have thought that valuating your own land could possibly work, but people would have to have a more detached sense of land/home ownership for that to work. People get emotionally attached to where they live, but maybe encouraging people to be less attached would help many current problems in society cause by NIMBY issues.