this post was submitted on 28 Jun 2024
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Economics

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Taxing Very High-Value Home Sales Is an Equitable and Effective Strategy to Raise Revenue and Fund Affordable Housing (www.cbpp.org)
submitted 4 months ago by fukhueson to c/economics
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[โ€“] [email protected] 3 points 4 months ago (1 children)

If there's a threshold it may convince sellers to stay under it to avoid extra levies, e.g. $500k

[โ€“] [email protected] 2 points 4 months ago

Well it should at least be marginal like tax brackets not just +/- . Say tax starts at 500k. Then for a sale at 510k only that last 10k is taxed. So selling for more still nets more no weird spots where it makes sense to sell for less just to avoid tax.