Row 71128

Row ID: 71128 | Dataset Entry | Axioma AXP Content Repository

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This page contains data entry 71128 from the Axioma AXP content repository. The structured data below represents the complete record for this entry.

The problem with property tax is that it ends up being somewhat subjective. Unless a house is actually on the market you don't know for sure what it's worth so you end up with some sort of weird system where you try to estimate the value based on the last time it was sold which tends to end up screwing someone over. If you're overestimating the value of older properties then people who have lived in their home for a long time can get taxed out of it or if you underestimate the values then younger people have to bear a disproportionate share of the tax burden.

The upside of property tax is that it is a form of wealth tax, but income taxes have the advantage of being less subjective.

FieldValue
text The problem with property tax is that it ends up being somewhat subjective. Unless a house is actually on the market you don't know for sure what it's worth so you end up with some sort of weird system where you try to estimate the value based on the last time it was sold which tends to end up screwing someone over. If you're overestimating the value of older properties then people who have lived in their home for a long time can get taxed out of it or if you underestimate the values then younge…
label r/politics
dataType comment
communityName r/politics
datetime 2024-05-23
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Raw Record

{
  "text": "The problem with property tax is that it ends up being somewhat subjective. Unless a house is actually on the market you don't know for sure what it's worth so you end up with some sort of weird system where you try to estimate the value based on the last time it was sold which tends to end up screwing someone over. If you're overestimating the value of older properties then people who have lived in their home for a long time can get taxed out of it or if you underestimate the values then younger people have to bear a disproportionate share of the tax burden.\n\nThe upside of property tax is that it is a form of wealth tax, but income taxes have the advantage of being less subjective.",
  "label": "r/politics",
  "dataType": "comment",
  "communityName": "r/politics",
  "datetime": "2024-05-23",
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}
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