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Did you read the second half of my comment? If each human only gets to reduce tax on, say $500k of residence, then relatives are of limited value for abusing t
by amluto 2y ago
Did you read the second half of my comment? If each human only gets to reduce tax on, say $500k of residence, then relatives are of limited value for abusing the system. And some of those relatives may prefer to claim their exemption on their own homes…
- JumpCrisscross 2y agoThis is a progressive property-tax system. It works because it avoids counting houses. (It's different because houses are discrete. Housing value is not. Dividing discrete assets is trivial. Dividing continuous ones is not.)
- amluto 2y agoI personally think that progressive taxes and benefits can be quite reasonable, as long as they’re kept simple and non-discriminatory. As soon as the designs start to get clever and, say, phase benefits out with increasing wealth or income, they break down quickly. Medicaid would be an example of getting it very, very wrong.