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No the building on the property isn’t taxed. You pay $0 more in taxes for building it. If you have a fundamental objection to how the established theory of sup
by TimPC 4y ago
No the building on the property isn’t taxed. You pay $0 more in taxes for building it.
If you have a fundamental objection to how the established theory of supply and demand curves works I can’t really help you. Large parts of economics have shown it to be successful and I certainly trust it over anecdotal arguments about how landlords will pass on the tax.
Based on the demand curve any attempt to pass on the tax will result in empty land and less overall revenue due to the mispricing. This at a minimum means some landlords will be very unhappy.