4 ms·
Who said anything about a very high LVT? Where LVTs have been implemented, they phase them in and can make the taxes about the same as before. It will certainly
by zip1234 4y ago
Who said anything about a very high LVT? Where LVTs have been implemented, they phase them in and can make the taxes about the same as before. It will certainly increase taxes on people that are holding an empty lot in the center of town though.
- yellowapple 4y agoA 100% LVT is the endgoal (since that represents full compensation for the externalities produced by excluding others from land), but I don't know of anyone proposing it as an immediate target; usually the idea is to ramp it up gradually while phasing out other taxes.