Re: Land tax -- the Hudson/Gaffney challenge (Re: better tax code: no income tax, head tax (&| ppty t)
- From: royls@xxxxxxxxx
- Date: Wed, 19 Mar 2008 21:55:03 GMT
On Wed, 19 Mar 2008 11:20:49 GMT, "Dan in Philly" <djr8@xxxxxxx>
wrote:
"PeterBP" <ask@xxxxxx> wrote in message ...
Why are contractual arrangements regarding land supposed to be more
difficult to obscure than any others?
Because you cant hide land itself like you can with say a PC?
His point is that you can hide the *value* of land. Instead of selling you a
piece of land for $500,000, I can officially sell it to you for $100,000 and
secretly give you $400,000. So the land tax will be based on the $100,000
number.
All that would do is succeed in getting your competitors' land taxes
lowered.
-- Roy L
.
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