That being said, inheritance tax should not exist. Nothing beyond income tax and value added tax should exist, and even then income tax might be unnecessary.
Nothing beyond income tax and value added tax should exist
I'm fine with property taxes if it's limited to a maximum amount. Once you've paid that total amount (in one lump sum or after years of paying installments) then no more property tax until it changes hands.
In general I agree, though it's kind of like a tip at a restaurant. You have to factor that in in advance, or you don't go out to eat. The problem is they can suddenly change the value of your property and thereby change your tax burden. That's why I think the tax should be a lump sum you can see based on the original property value.
If it's not illegal, it's not tax avoidance.
That being said, inheritance tax should not exist. Nothing beyond income tax and value added tax should exist, and even then income tax might be unnecessary.
I'm fine with property taxes if it's limited to a maximum amount. Once you've paid that total amount (in one lump sum or after years of paying installments) then no more property tax until it changes hands.
The problem with property tax is, what happens if you become poor? Do you lose your home? How can it be yours if it can be lost like that?
In general I agree, though it's kind of like a tip at a restaurant. You have to factor that in in advance, or you don't go out to eat. The problem is they can suddenly change the value of your property and thereby change your tax burden. That's why I think the tax should be a lump sum you can see based on the original property value.
Tips are voluntary, sir.
Original? Properties are centuries old. People would pay cents per year.