What this boils down to is that rents act exactly the same as income tax; when wages go up, rental values go up accordingly. So we could save ourselves the faff of taxing earned income and just tax rental values instead, it would be a far less economically damaging way of collecting exactly the same revenue.
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the property guide
Not only economically less damaging, but also far simpler and cheaper to assess and collect, with minimal possibilities to evade or avoid. Rv Rentals
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