this post was submitted on 08 Feb 2024
601 points (99.5% liked)
196
16613 readers
2216 users here now
Be sure to follow the rule before you head out.
Rule: You must post before you leave.
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
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.