stamp duty phased out over 20 years in act, page-50

  1. 18,870 Posts.
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    "If you own a lot of property and do not have the income to service the land tax then you should divide up your land and sell some of it to someone that can make the income from the land."

    Sorry shared you are wrong - the biggest problem with land tax is it is way disproportional to incomes generated, and it is made worse by cumulative land holdings. How would you like it if you were paying a very significant portion of your rental income on a tax you get nothing for!

    "Play2win - Taxes are not a fee for providing a service."

    Actually that is exactly what taxes should be. But successive government mismanagement have meant we get less and less services for more and more money.
 
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