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by prutschman
1663 days ago
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> So... what exactly become the merit of taxing land over property? If you tax property, the value of the land is included in that tax. If land--but specifically not improvements to that land--is taxed then there's relatively more incentive to make productive use of the land. $1 of investment to improve the productivity of land by building housing or whatever is tax advantaged over $1 of investment to try to hold onto appreciating land in hopes it goes up. |
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