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Metropolitan DC Local Politics
Reply to "“Mansion tax” to be introduced by Grosso in DC for homes worth over $1million "
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[quote=Anonymous]You could easily protect anyone who happened to buy a house decades ago that’s now worth over $1 million by just setting a time limit and saying anyone who purchased more recently than XXXX date has to be subject to the tax. In that case, our home would almost certainly be taxed at the “mansion” rate within a few years from now — but since we’re fortunate enough to be able to have afforded an expensive home, I don’t have a problem with that. It’s hard not to get the idea that a lot of the “concern” about how this would affect elderly residents is actually about how it would affect some wealthy younger ones. [/quote]
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