"Remember income is taxed every year so for fairness property also should be taxed every year based on price particularly when assets simply represent future income streams anyway!!"
fair point -- I will chew on that one for a few days.
My thoughts for the future would probably suggest that neither income tax nor property tax will cut the mustard
but, then - for the future - it might depend on how we define 'property'
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"Remember income is taxed every year so for fairness property...
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