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Is the idea of taxing land to discourage ownership or is it to fund local services to insure that the rich have the best schools, police, fire and utilities whi
by parineum 4y ago
Is the idea of taxing land to discourage ownership or is it to fund local services to insure that the rich have the best schools, police, fire and utilities while maintaining an air of equality?
Why is regressive property tax better than the progressive income tax?
- imtringued 4y agoYou can make land value taxes more progressive than income taxes by paying out a citizen's dividend.
- kelnos 4y agoThe idea is to encourage people to use land more efficiently. Sure, you can buy a 2-acre plot and put a single-family home on it, but you're going to pay handsomely for the privilege. If you put a duplex on that lot and sell the second unit, your tax burden gets cut in half. Or put a 10-unit condo building on it and each owner only has to pay a tenth of the total. If you also tax the improvements to the land, you discourage people from building denser housing on it, because the tax itself goes up the more you build.