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One problem with the LVT is the logistics of actually levying the tax. You will have to collect a lot of payments from a lot of people. And have to deal with
by Ono-Sendai 2y ago
One problem with the LVT is the logistics of actually levying the tax. You will have to collect a lot of payments from a lot of people. And have to deal with non-payment etc.. (virtual debt collectors?)
- adverbly 2y agoThe IRS has a significantly more challenging task when assessing the complex tax codes surrounding income and capital gains. Nobody can hide land in an offshore tax Haven. LVT is a slam dunk by comparison?.