this post was submitted on 28 Jun 2024
43 points (92.2% liked)

Economics

396 readers
22 users here now

founded 1 year ago
43
Taxing Very High-Value Home Sales Is an Equitable and Effective Strategy to Raise Revenue and Fund Affordable Housing (www.cbpp.org)
submitted 2 months ago by [email protected] to c/[email protected]
8 comments fedilink hide all child comments
you are viewing a single comment's thread
view the rest of the comments
[โ€“] [email protected] 3 points 2 months ago (1 children)

If there's a threshold it may convince sellers to stay under it to avoid extra levies, e.g. $500k

[โ€“] phdepressed 2 points 2 months ago

Well it should at least be marginal like tax brackets not just +/- . Say tax starts at 500k. Then for a sale at 510k only that last 10k is taxed. So selling for more still nets more no weird spots where it makes sense to sell for less just to avoid tax.