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Why does everyone assume new policy has to be enacted at the federal level? Whatever happened to states rights? This is a perfect use case, have a couple states
by hammock 5y ago
Why does everyone assume new policy has to be enacted at the federal level? Whatever happened to states rights? This is a perfect use case, have a couple states try it and a couple not and see what happens.
- sokoloff 5y agoIn part because the article makes the very common argument “[LVT would raise] a bunch of revenue that can lower or even eliminate other less efficient taxes, such as sales and income taxes.” It’s often argued (more strictly than above) that LVT could replace or substantially reduce income taxes and that pretty much means it’s federal or it won’t offset much.
- reducesuffering 5y agoThere are plenty of states with 0 income taxes. Plus, the article mentions benefits that are orthogonal to tax revenue, like more efficient resource allocation. A trial run at the state level could be a 0 income tax state keeping their tax revenues equal by substituting property tax with LVT. Building structures will be taxed less and the land underneath taxed more.
- AnimalMuppet 5y agoThere is no federal sales tax. There are states that have income taxes, too.
- pasquinelli 5y agoJust have them do it!
- moriwara 5y agoNot pure LVT but Pennsylvania does have a two-tiered system where land is taxed at a higher rate than improvements https://www.strongtowns.org/journal/2019/3/6/non-glamorous-gains-the-pennsylvania-land-tax-experiment https://www.strongtowns.org/journal/2019/3/6/non-glamorous-g...