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It seems that the LVT has a lot in common with the recent (insane) proposal to tax unrealized capital gains on stocks. Property taxes are already bad enough, bu
by stevenalowe 4y ago
It seems that the LVT has a lot in common with the recent (insane) proposal to tax unrealized capital gains on stocks. Property taxes are already bad enough, but at least they’re based on actual sales figures not estimated/imaginary “potential market value”
Not even going to get into the weird incentives/pressure this would create for zoning boards.
- colinmhayes 4y agoAll taxes are bad in some way. We just have to decide which ones to implement or which spending to cut. I’d prefer to see a land value tax over pretty much anything other than a VAT because it is far less distortionary, but that doesn’t mean it is without its problems.