4 ms·
A % tax on the cost of the property would be pretty simple. Can't buy without paying the tax up front. It's usually the more complicated taxes that have excepti
by hrdwdmrbl 4y ago
A % tax on the cost of the property would be pretty simple. Can't buy without paying the tax up front. It's usually the more complicated taxes that have exceptions to rules that are exploitable. It's hard to find exploits in simple rules.
- pastacacioepepe 4y agoI mean yes but then you'd also hit your population, unless you restrict the tax to non-citizens, but then foreign investors can still use some sort of a front man or other loopholes.
- eru 4y agoHitting the local population with this particular tax is fine from an economic point of view. Just use the tax take to finance local goods and service and to lower other local taxes.
- eru 4y agoYes. Look at land value taxes. Btw, I would _not_ charge a transaction tax. Charge them every year for holding the property. (Eg charge whoever holds the property on New Year, the market will do the rest.) That way you don't impede transactions.