There is already property tax based on land value. Such a capital tax is among the worst taxes because it ignores ability to pay. Carbon tax is better because it targets fuel consumption and is based on ability to pay. .
There is already property tax based on land value. Such a capital tax is among the worst taxes because it ignores ability to pay. Carbon tax is better because it targets fuel consumption and is based on ability to pay. .
the rent is high and so am i
the rent is high and so am i
Land value tax is a component of property tax based on values from a combination of land, buildings and improvements. Property tax is a capital tax because buildings are capital.
Impractical to replace all taxes with single land tax. Powerful lobby group of owners would never allow that. Property tax is flawed because rich and poor owners pay same tax regardless of income. Not as limited by ability to pay, income tax is a superior source of revenue for governments. Also fairer and progressive in that the rich pay more while the poor pay less.
Furthermore, sin taxes such as tobacco are more effective in targeting sins than land tax. Idea for land value tax has existed for centuries. But property tax is mostly at municipal level and not federal level.
Land value tax is a component of property tax based on values from a combination of land, buildings and improvements. Property tax is a capital tax because buildings are capital.
Impractical to replace all taxes with single land tax. Powerful lobby group of owners would never allow that. Property tax is flawed because rich and poor owners pay same tax regardless of income. Not as limited by ability to pay, income tax is a superior source of revenue for governments. Also fairer and progressive in that the rich pay more while the poor pay less.
Furthermore, sin taxes such as tobacco are more effective in targeting sins than land tax. Idea for land value tax has existed for centuries. But property tax is mostly at municipal level and not federal level.
Land value tax is a component of property tax based on values from a combination of land, buildings and improvements. Property tax is a capital tax because buildings are capital.
Impractical to replace all taxes with single land tax. Powerful lobby group of owners would never allow that. Property tax is flawed because rich and poor owners pay same tax regardless of income. Not as limited by ability to pay, income tax is a superior source of revenue for governments. Also fairer and progressive in that the rich pay more while the poor pay less.
Furthermore, sin taxes such as tobacco are more effective in targeting sins than land tax. Idea for land value tax has existed for centuries. But property tax is mostly at municipal level and not federal level.
Land value tax is a component of property tax based on values from a combination of land, buildings and improvements. Property tax is a capital tax because buildings are capital.
Impractical to replace all taxes with single land tax. Powerful lobby group of owners would never allow that. Property tax is flawed because rich and poor owners pay same tax regardless of income. Not as limited by ability to pay, income tax is a superior source of revenue for governments. Also fairer and progressive in that the rich pay more while the poor pay less.
Furthermore, sin taxes such as tobacco are more effective in targeting sins than land tax. Idea for land value tax has existed for centuries. But property tax is mostly at municipal level and not federal level.
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