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Maybe replacing income taxes largely with property taxes? If the home is not seen as a source of tax free imputed income, then other things become more attracti
by ttul 5y ago
Maybe replacing income taxes largely with property taxes? If the home is not seen as a source of tax free imputed income, then other things become more attractive, like investing in startups. It’s not a crazy idea. Switzerland taxes the imputed rental income on your own home.
1. https://www.credit-suisse.com/articles/private-banking/2018/04/en/eigenmietwert-das-muessen-sie-wissen.html https://www.credit-suisse.com/articles/private-banking/2018/...
- kiba 5y agoIt's better to replace income taxes with land value tax, which doesn't tax the property built on it. Anyway, your proposal still run into the issue of acquiring political will. It may work after it's implemented, but not before it.
- ttul 5y agoYeah, the problem of political will is paramount. When a majority of voters are homeowners, there isn’t any will to reduce home values…