Quote:
Originally Posted by Mathgod
Just my 2c...
Instead of raising income taxes on the middle class, I think we should take a hard look at a nation wide property tax. It should be accompanied with a rebate system, so that those who are only paying tax on one home would get roughly the same amount back from the rebate, whereas those who own multiple homes would pay substantially more in property tax than they get back. We could also look at something like a multi-year exemption from the tax for first-time home buyers on modest incomes.
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Wouldn't that be pretty easy to dodge by keeping real estate in separate corporations?