628
Landlords ☭
(midwest.social)
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 08 Feb 2024
628 points (100.0% liked)
196
16504 readers
1978 users here now
Be sure to follow the rule before you head out.
Rule: You must post before you leave.
founded 1 year ago
MODERATORS
I agree that taxing land is a good idea, but it's really hard to do in practice. How you put a value on land?
Income tax is easy to put a value on, because it's right there on your pay slip. But what's the value of land?
http://gameofrent.com/content/can-land-be-accurately-assessed
The key downsides of income taxes, though, are it requires tracking everyone's income, and it's very easy to hide income by doing under-the-table work and getting paid in cash. In contrast, it's impossible to hide land.