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There is. Progressive taxation. Your first purchase is tax free. Second is a percentage and the more you accumulate the higher the percentage.
by Raed667 1y ago
There is. Progressive taxation. Your first purchase is tax free. Second is a percentage and the more you accumulate the higher the percentage.
- amanaplanacanal 1y agoI'm trying to see how this would work. Would this be single family homes only? Duplexes and triplexes? Apartments/condos?
- Raed667 1y agoIt doesn't matter, any residential property.
- sokoloff 1y agoIf I build a 40-unit apartment building (provides housing for 36 families on average), am I taxed as if that’s 40 residential properties? Do we want to use tax policy to punish this construction?
- Raed667 1y agoNo punish people buying multiple properties as "investments". Tax the purchase not the construction.
- sokoloff 1y agoIf I build a 40 unit building and sell it to my wife (or my neighbor) or sell it to BlackRock, there’s no difference in how many units exist nor how many families can live there. My tax treatment should be the same as theirs. If you restrict or punish the purchase of housing via tax policy, you simultaneously restrict the sale of it by original constructors, which serves as an impediment to that original construction.