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A comment on Detroit wants to be the first big American city to tax land value. Parent comment
It might appear they are, but if you properly account for everything it’s not tremendously advantageous.
And it reduces your cost basis also, which means you pay more tax when selling unless you have other ways of avoiding that.
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It might appear they are, but if you properly account for everything it’s not tremendously advantageous.
And it reduces your cost basis also, which means you pay more tax when selling unless you have other ways of avoiding that.