Economics

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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]

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

It’s all in the implementation. I live in a high cost of living state so my house might appear to be in a higher overall percentile. However it’s an 80 year old starter home, so I don’t think it’s reasonable to subject me to a mansion tax.

Too many of these attempts to tax the rich don’t seem to take into account how expensive some places are and hurt those who are not close to wealthy

[–] [email protected] 1 points 2 months ago* (last edited 2 months ago)

Whatever it costs, old or new, is what they're talking about (within the state, as my quote mentioned). It doesn't take into account whether you think your house should be valued where it is. This isn't a valid criticism of the article.