3 ms·
I would think the difference between a tax and a rent is that taxes only apply to the same piece of property once and rent applies over and over. If I'm paid a
by causi 5y ago
I would think the difference between a tax and a rent is that taxes only apply to the same piece of property once and rent applies over and over. If I'm paid a hundred thousand dollars I pay income tax on that once and after that I can keep it in a trunk until the end of time without anyone worrying about it. Whereas if I spend a hundred thousand dollars on a parcel of land the only thing stopping me from paying an infinite amount of "rent" (taxes) on it is the fact one day I'll drop dead and then someone else will start paying the infinite amount of rent on it. That property tax on a square foot of grass totals much less than rent on a square foot of apartment seems like a difference only in amount, not in fundamental nature.
- JadeNB 5y ago> I would think the difference between a tax and a rent is that taxes only apply to the same piece of property once and rent applies over and over. I think that one might say that income tax taxes not money per se but income—it's, as it were, a tax on velocity (though this seems not to be quite the classic sense of "velocity of money"), on moving money rather than money at rest. Property taxes, in turn, may be viewed as taxes not on hectares (or whatever), but on hectare-years—because a hectare can't easily be valued, but a hectare-year can (comparatively). (Of course ha-yrs are not fungible, but neither are $/yr, as evidenced by different marginal tax rates at different income levels.)