Re:JPMorgan to spend $1B on rental homes in the US to become...
by scotty79 on Saturday December 31, 2022 @01:50PM
(#34199423)
The idea is to increase the amount of real estate tax to be paid accordingly to the amount of real estate properties you own.
If you own a house you should pay higher tax on it than your neighbor that has the same house but doesn't have 30 other houses like you do.
And of course you should pay more on each of the 30 houses you own.
Basically large propery owners should pay higher real estate tax than it would be paid if their real estate was split up between multiple smaller owners.
That's why I mentioned subsidiaries, so you can't fake-split ownership.
If you own a house you should pay higher tax on it than your neighbor that has the same house but doesn't have 30 other houses like you do.
And of course you should pay more on each of the 30 houses you own.
Basically large propery owners should pay higher real estate tax than it would be paid if their real estate was split up between multiple smaller owners.
That's why I mentioned subsidiaries, so you can't fake-split ownership.