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Chan790

(20,176 posts)

18. My best friend's parents are in a similar situation...

Reply to Bohunk68 (Reply #15)

Sat Nov 23, 2013, 12:25 PM

Nov 2013

my understanding though from him is that the reason everyone who lives up there owns 20,30,40 acres because all that land is basically hinterland (undevelopable forestland with no roads or infrastructure and little timber value.) and worth bunk. (Thus, that taxes on it would be similarly low until that time where it becomes actually development-ready and thus valuable.)

Looking at the proposal in the OP, my takeaway is that your taxes, by intent and design, should go down as a larger portion of the tax-weight would be borne by the owners of the extremely valuable RE in midtown Manhattan, the stuff worth 10000x more per city- block than your entire 20 acres.

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End the 1 Percent�s Free Ride: Taxing Land Would Solve America�s Biggest Problems [View all] xchrom Nov 2013 OP

Good morning. I like to think that Jesse is right, but I'm not holding my breath. n/t Egalitarian Thug Nov 2013 #1

No. The tax would just be passed off to their renters n2doc Nov 2013 #2

You want to shift income taxes to property taxes? mainer Nov 2013 #3

no one's saying there can't be adjustments where appropriate. unblock Nov 2013 #11

Absolutely!! Bohunk68 Nov 2013 #15

My best friend's parents are in a similar situation... Chan790 Nov 2013 #18

not a good plan...if you want to tax the rich beachbum bob Nov 2013 #4

+1 FreakinDJ Nov 2013 #6

that's a good set of improvements to a system that's inherently flawed. unblock Nov 2013 #10

not difficult to acheive if we had beachbum bob Nov 2013 #21

Fuck that. The county values my property at $122K-90 of that is the land value. hobbit709 Nov 2013 #5

This is the tax that broke up so many family farms in Massachusetts. canoeist52 Nov 2013 #7

Tax wealth, not income. safeinOhio Nov 2013 #8

Not the full solution Joel thakkar Nov 2013 #9

Proposing ending NPO tax-exemptions on holdings is a conservative and ridiculous thing... Chan790 Nov 2013 #20

Tax the financial market transactions. Leave the land alone NightWatcher Nov 2013 #12

On an aside: the complexity only serves one purpose rock Nov 2013 #13

Bad idea. Farmers and ranchers own most of the private land in the USA. Coyotl Nov 2013 #14

Meet The 25 Land Barons Who Collectively Own 1% Of America xchrom Nov 2013 #16

I am getting a sense of deja vu hfojvt Nov 2013 #17

I prefer a straight wealth tax for the 1%. stevenleser Nov 2013 #19