Land Value Tax It Is And What It Can Do For Idaho

Land Value Tax: What it is and What it Can Do for Idaho Taxation without representation was the main justification for the United States Declaration of Independence and subsequent war with Great Britain, and today many citizens believe they are fairly represented in government and thus equally fairly taxed. Unfortunately, economical taxation does not necessarily occur because citizens can choose their own representatives. When the issue does come up, many citizens think of the amount of taxation as the problem rather than the type of taxation; indeed, some do not even consider that there are different ways to tax besides the current tax system. There is a tax, however little known and little acknowledged, that will revolutionize the†¦show more content†¦It is dissimilar to a property tax in that it does not tax based on personal property, buildings, or other improvements on the land. So now that the definition of a land value tax has been established, it is allowable to continue on to acknowledge a basic premise: for whatever reason, all people want to make money or gain in some form in order to live and to live comfortably. A person that owns an undeveloped piece of land loses money to a land value tax, and, according to the above premise, will be dissatisfied because he would rather be making money from the land. In order to make money, this person must develop the land for personal or professional use or sell it. When a land value tax is set up, a person is motivated to either improve the land to gain from it and thus make the land worth owning, or to sell the land so that he does not pay an unprofitable tax on it. These simple motivations caused by a land value tax are main reasons for its implementation. A sales tax does not create this motivation; in fact, it punishes people for making money. The more money made or spent, the more money paid in taxes. The same is true for income taxes: more made means more paid, especially with graduated income rates that tax a progressively higher percentage the greater a salary is. These taxes punish those who make more money,