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Metropolitan DC Local Politics
Reply to "How do we petition no income taxes for a state?"
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[quote=Anonymous]The State of DC should be a Single-Tax State. NO TAXES on: Wages Income Sales Buildings Hotel Beds Parking Spaces meals Liquor Gasoline Phone Lines Electricity ONLY a tax on Building Values. Renters - they already pay what the market will bear, so rent can't go up. Owners - give a homestead exemption the first $50,000 of land value. Seniors - allow needs-based deferral of primary home taxes for life The Single Tax would have to raise 2.5x what the property tax does, while exempting building value. Doing so would decrease the cost of housing (buildings) while increasing the cost of land (not building), and give a boost to commercial, restaurant, and retail employment. Cost of living would go down. Cost of under-using desirable lots would go up. [/quote]
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