Burdizzo said:

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ATM9000 said:

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Burdizzo said:

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Science Denier said:

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AggieKatie2 said:

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I like the idea of a land tax vs property tax.

I can understand taxing land within a state.

I can't understand taxing the value of the house on the land that I paid to build and paid state sales tax on each piece of wood, nail, brick, wire, etc in it.

Basically the state is saying, hey thanks for improving the land, here's your annual bill based our arbitrary determination of what it's worth.

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They will raise the value of land to make up any difference. It's the same thing.

Get rid of property tax and go with just a consumption tax. Everything is already in place and states will save a ton on the whole property tax apparatus.

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Property tax is a consumption tax on large or luxurious real estate. If you don't like paying tax on an expensive home, live in a lesser home. If you don't like paying tax on unrealized gain, buy Berkshire Hathaway stock.

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Property tax is a wealth tax, not a consumption tax.

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A person can be wealthy without living in an expensive home. Hard to believe.

Home ownership is not the only mechanism for building and storing wealth. We need to get over this Fannie Mae outlook.

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