Re:How the Maker of TurboTax Fought Free, Simple Tax Filing ...
by sokoloff on Saturday March 16, 2019 @11:03AM
(#19408158)
By and large, renters don't rent unimproved land. They typically rent dwellings. Those dwellings are typically funded by loans taken out for the purpose of a profit-making endeavor, meaning they are tax-deductible loans (just like when an airline buys an airliner or an automaker builds a factory).
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Re:How the Maker of TurboTax Fought Free, Simple Tax Filing ...
by dredmorbius on Saturday March 16, 2019 @11:09AM
(#19408192)
It's the provisioning of those structures that LVT dirctly inentivises.
I've provided you seveal refeences, please do read them. The Wikipedia article explains and diagrams the dynamic very clearly.
Re:How the Maker of TurboTax Fought Free, Simple Tax Filing ...
by sokoloff on Saturday March 16, 2019 @11:19AM
(#19408235)
I've read a fair amount about land value taxes. I have no objection to them as a means to efficiently raise property tax revenue.
This thread is about the deductibility of mortgage interest for owner-occupied vs rented properties.