The Tax System Should Be Neutral with Respect to Homeownership

Point & Counterpoint: Tax Incentives for Homeownership—A Lincoln–Douglas Debate, 32 ABA Section of Taxation NewsQuarterly 1

GWU Legal Studies Research Paper

GWU Law School Public Law Research Paper

3 Pages Posted: 24 Oct 2017

See all articles by Neil H. Buchanan

Neil H. Buchanan

University of Florida - Levin College of Law

Date Written: Winter 2013

Abstract

In a stylized, parliamentary-style debate, Neil H. Buchanan makes the argument that the tax system should not provide incentives for citizens to own rather than rent their homes. The policy goal is unsupported by evidence of economic or social gains due to home ownership, and even if it were, it is not at all clear that the subsidies' incidence falls on potential homeowners. In addition, ownership carries enormous investment risks that would never be tolerated for any other type of asset and that can destroy a family that sees the value of its house collapse for reasons beyond their control. At the very least, the tax system should not encourage such dangerous risk-taking.

Suggested Citation

Buchanan, Neil H., The Tax System Should Be Neutral with Respect to Homeownership (Winter 2013). Point & Counterpoint: Tax Incentives for Homeownership—A Lincoln–Douglas Debate, 32 ABA Section of Taxation NewsQuarterly 1; GWU Legal Studies Research Paper; GWU Law School Public Law Research Paper. Available at SSRN: https://ssrn.com/abstract=3033282 or http://dx.doi.org/10.2139/ssrn.3033282

Neil H. Buchanan (Contact Author)

University of Florida - Levin College of Law ( email )

PO Box 357069
Gainesville, FL 32635
United States

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