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Landlords ☭ (midwest.social)

submitted 9 months ago by [email protected] to c/[email protected]

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[–] [email protected] 2 points 9 months ago (1 children)

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?

[–] [email protected] 3 points 9 months ago

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.