Wednesday, February 15, 2017

George tax equity off set credits

Imposing a confiscatory ground rent tax should not harm households with prior equity that dissolves with the imposition of the George tax
Response
Issue  real value constant tax credit accounts
equal to the value of the equity at time of imposition

The account can fund any future George tax obligations on any property
Obviously they should be sale able in a market set up and regulated by the state