3 Pages Posted: 19 Aug 2019 Last revised: 30 Sep 2020
Date Written: September 26, 2020
A common claim is that home ownership is a good deal because the housing services it provides are untaxed. My simple point is that the property tax paid by a homeowner is in effect an annual tax on housing services. It is an income tax when the homeowner rents the house to somebody else. It’s a consumption tax when the homeowner lives in the house and so consumes its services.
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