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The issue with this approach is that long-time locals will see the market price of their homes rise with the newcomers'. So if you base the tax on that market v
by vladvasiliu 1mo ago
The issue with this approach is that long-time locals will see the market price of their homes rise with the newcomers'. So if you base the tax on that market value, the locals have it very rough.
- bluecalm 1mo agoYou can lower taxes on labor or structure land/property value tax in a way that it offsets your income tax. This way people who live and work in the area pay once. Someone who pays their other taxes somewhere else but buys property pays twice. You just need to align incentives and make it so people who benefits the most pay the most taxes. Preferably proportionally to how much they benefit from the whole arrangement.
- deleted 1mo ago[deleted]