this post was submitted on 08 Feb 2024
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Landlords ☭ (midwest.social)
submitted 9 months ago by mossy_capivara@midwest.social to c/196@lemmy.blahaj.zone
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[–] Fried_out_Kombi@lemmy.world 3 points 9 months ago

http://gameofrent.com/content/can-land-be-accurately-assessed

The key downsides of income taxes, though, are it requires tracking everyone's income, and it's very easy to hide income by doing under-the-table work and getting paid in cash. In contrast, it's impossible to hide land.