Taxing Very High-Value Home Sales Is an Equitable and Effective Strategy to Raise Revenue and Fund Affordable Housing | Center on Budget and Policy Priorities
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Our states and communities are stronger when prosperity is broadly shared — which includes ensuring that everyone has access to housing they can afford. Yet throughout the country, more people than...
  • phdepressed@sh.itjust.works
    2·
    4 days ago

    Well it should at least be marginal like tax brackets not just +/- . Say tax starts at 500k. Then for a sale at 510k only that last 10k is taxed. So selling for more still nets more no weird spots where it makes sense to sell for less just to avoid tax.