It's a tax on an asset based on a perceived value of that asset. It's
essentially the same thing as a wealth tax. since we don't HAVE any other wealth taxes other than asset value taxes on real estate, vehicles and boats, you are talking about possible differences from early plans some people have proposed.
And yes a difference would be what level of government would impose the tax.
You do make a valid point that a general tax on personal wealth is not as apt to be pushed down fully in the form of higher rents, like asset taxes on investment property are, if much of the wealth is centered in non real estate investments
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In response to this post by Hoodafan)
Posted: 01/29/2019 at 4:42PM