Quote:
Originally Posted by iamnotawerewolf
proposed: an annual, or otherwise regular, "worth tax" (as in, upon one's net worth at a a regular time interval) to replace all income, sales, etc taxes; excise taxes excepted
I mean, I don't hate the idea (although I think you might need to pair it with an income tax), but given how hard it is to estimate someone's networth it's beyond impractical.
I'm generally very in favour of wealth taxes, but they're hellishly hard to enact. Land value taxes are the easiest, but there's far more potential if we could work out the practicalities
Quote:
Originally Posted by iamnotawerewolf
iirc our annual deadline is April 15 unless you qualify for an extension
so you'd have to get everything revalued every year?
that'd come at a pretty big cost, and again looks largely impractical