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A comment on Jeff Bezos Claimed $4k in Tax Credits for His Children. Parent comment
- first every owner self-values their assets at $V and pays X% of $V
- then an interested buyer bonds $W>$V earnest money
- then the owner pays Y% of $(W-V) or the buyer gets it for $W plus tax of Z%
Rates around 1% could replace all other taxes in this scheme. Do I think it’s a good idea? I don’t know. Recipe for bureaucrat moral hazard.
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- first every owner self-values their assets at $V and pays X% of $V
- then an interested buyer bonds $W>$V earnest money
- then the owner pays Y% of $(W-V) or the buyer gets it for $W plus tax of Z%
Rates around 1% could replace all other taxes in this scheme. Do I think it’s a good idea? I don’t know. Recipe for bureaucrat moral hazard.