Australian Politics Forum - Universal Land Tax for Australia?

longweekend58

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Re: Universal Land Tax for Australia?
Reply #45 - Dec 26^th, 2015 at 10:41am

Bam wrote on Dec 26^th, 2015 at 9:25am:

longweekend58 wrote on Dec 26^th, 2015 at 7:52am:

Bam wrote on Dec 25^th, 2015 at 9:17pm:

longweekend58 wrote on Dec 25^th, 2015 at 2:30pm:

Bam wrote on Dec 23^rd, 2015 at 9:34pm:

Implementing land tax would be a good idea if it replaced stamp duty.

The current tax regime is inefficient and unbalanced. People often pay tens of thousands of dollars to change houses, which they often must do for work reasons. The punitive tax on moving house also causes people to hold on to houses they would be better off selling (eg: empty nesters) and it causes the housing stock to be inefficiently allocated. Meanwhile, other people who hold on to houses for decades pay no tax at all.

Introducing land tax and reducing stamp duty to a level that only covers the administration costs of the title transfer would broaden the tax base and allow housing stock to be allocated more efficiently.

See also: Chapter 6: Land and resource taxes (Henry Tax Review, December 2009)

only if not retrospective. we've already paid stamp duty an now u think we should pay land tax as well? find for new purchases or perhaps those who ahve not been sold for 30 years or more. otherwise it is just a merciless tax grab and we know stamp durty will return anyhow.

There would need to be sensible transitional arrangements. I wouldn't support introducing land tax if its introduction meant someone could pay land tax at the full rate right after paying stamp duty at the full rate.

The ACT are phasing in land tax over 20 years by progressively reducing stamp duty and introducing land tax at the same time.

Another way to do it would be to treat stamp duty as a pre-payment of land tax so anyone who paid stamp duty recently was exempt from land tax until the accrued land tax since stamp duty was paid exceeded the stamp duty paid.

or do away with stamp duty and payroll tax entirely by widening the GST. that way the load is shared by all.

The tax burden would also be shared by all if land tax was levied on all properties but it is a better solution because it's not a great big tax whack on low-income people like the GST is.

your iq has obviously taken a turn for the worse. how can it be 'shared by all' if it is only paid by landowners??

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John Smith

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Re: Universal Land Tax for Australia?
Reply #46 - Dec 26^th, 2015 at 4:03pm

longweekend58 wrote on Dec 26^th, 2015 at 10:39am:

John Smith wrote on Dec 26^th, 2015 at 8:43am:

longweekend58 wrote on Dec 26^th, 2015 at 8:40am:

John Smith wrote on Dec 26^th, 2015 at 8:37am:

longweekend58 wrote on Dec 26^th, 2015 at 7:52am:

or do away with stamp duty and payroll tax entirely by widening the GST

Is that not a merciless tax grab? Cheesy

nope. everyone pays it equally.

bullsh1t .... those with the money get around the GST the same way they do now.

why dont you enlighten us, stupid-one about how that takes place?

idiot.

you've never claimed back the gst for your home printer through your business longie? Cheesy

you're so stupid you don't even know what you are doing! Grin

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Bam

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Re: Universal Land Tax for Australia?
Reply #47 - Dec 26^th, 2015 at 7:37pm

longweekend58 wrote on Dec 26^th, 2015 at 10:41am:

Bam wrote on Dec 26^th, 2015 at 9:25am:

longweekend58 wrote on Dec 26^th, 2015 at 7:52am:

Bam wrote on Dec 25^th, 2015 at 9:17pm:

longweekend58 wrote on Dec 25^th, 2015 at 2:30pm:

Bam wrote on Dec 23^rd, 2015 at 9:34pm:

Implementing land tax would be a good idea if it replaced stamp duty.

The current tax regime is inefficient and unbalanced. People often pay tens of thousands of dollars to change houses, which they often must do for work reasons. The punitive tax on moving house also causes people to hold on to houses they would be better off selling (eg: empty nesters) and it causes the housing stock to be inefficiently allocated. Meanwhile, other people who hold on to houses for decades pay no tax at all.

Introducing land tax and reducing stamp duty to a level that only covers the administration costs of the title transfer would broaden the tax base and allow housing stock to be allocated more efficiently.

See also: Chapter 6: Land and resource taxes (Henry Tax Review, December 2009)

only if not retrospective. we've already paid stamp duty an now u think we should pay land tax as well? find for new purchases or perhaps those who ahve not been sold for 30 years or more. otherwise it is just a merciless tax grab and we know stamp durty will return anyhow.

There would need to be sensible transitional arrangements. I wouldn't support introducing land tax if its introduction meant someone could pay land tax at the full rate right after paying stamp duty at the full rate.

The ACT are phasing in land tax over 20 years by progressively reducing stamp duty and introducing land tax at the same time.

Another way to do it would be to treat stamp duty as a pre-payment of land tax so anyone who paid stamp duty recently was exempt from land tax until the accrued land tax since stamp duty was paid exceeded the stamp duty paid.

or do away with stamp duty and payroll tax entirely by widening the GST. that way the load is shared by all.

The tax burden would also be shared by all if land tax was levied on all properties but it is a better solution because it's not a great big tax whack on low-income people like the GST is.

your iq has obviously taken a turn for the worse. how can it be 'shared by all' if it is only paid by landowners??

Do you seriously think landlords won't pass on their costs?

I also notice that you've not made any constructive contributions to this discussion, but just criticised other people's contributions laced with your usual personal abuse. I suggest you start acting like a grown-up and make some remarks on your views about land tax and stamp duty. Which do you think is better and why?

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You are not entitled to your opinion. You are only entitled to hold opinions that you can defend through sound, reasoned argument.

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longweekend58

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Re: Universal Land Tax for Australia?
Reply #48 - Dec 27^th, 2015 at 12:45pm

Bam wrote on Dec 26^th, 2015 at 7:37pm:

longweekend58 wrote on Dec 26^th, 2015 at 10:41am:

Bam wrote on Dec 26^th, 2015 at 9:25am:

longweekend58 wrote on Dec 26^th, 2015 at 7:52am:

Bam wrote on Dec 25^th, 2015 at 9:17pm:

longweekend58 wrote on Dec 25^th, 2015 at 2:30pm:

Bam wrote on Dec 23^rd, 2015 at 9:34pm:

Implementing land tax would be a good idea if it replaced stamp duty.

The current tax regime is inefficient and unbalanced. People often pay tens of thousands of dollars to change houses, which they often must do for work reasons. The punitive tax on moving house also causes people to hold on to houses they would be better off selling (eg: empty nesters) and it causes the housing stock to be inefficiently allocated. Meanwhile, other people who hold on to houses for decades pay no tax at all.

Introducing land tax and reducing stamp duty to a level that only covers the administration costs of the title transfer would broaden the tax base and allow housing stock to be allocated more efficiently.

See also: Chapter 6: Land and resource taxes (Henry Tax Review, December 2009)

only if not retrospective. we've already paid stamp duty an now u think we should pay land tax as well? find for new purchases or perhaps those who ahve not been sold for 30 years or more. otherwise it is just a merciless tax grab and we know stamp durty will return anyhow.

There would need to be sensible transitional arrangements. I wouldn't support introducing land tax if its introduction meant someone could pay land tax at the full rate right after paying stamp duty at the full rate.

The ACT are phasing in land tax over 20 years by progressively reducing stamp duty and introducing land tax at the same time.

Another way to do it would be to treat stamp duty as a pre-payment of land tax so anyone who paid stamp duty recently was exempt from land tax until the accrued land tax since stamp duty was paid exceeded the stamp duty paid.

or do away with stamp duty and payroll tax entirely by widening the GST. that way the load is shared by all.

The tax burden would also be shared by all if land tax was levied on all properties but it is a better solution because it's not a great big tax whack on low-income people like the GST is.

your iq has obviously taken a turn for the worse. how can it be 'shared by all' if it is only paid by landowners??

Do you seriously think landlords won't pass on their costs?

I also notice that you've not made any constructive contributions to this discussion, but just criticised other people's contributions laced with your usual personal abuse. I suggest you start acting like a grown-up and make some remarks on your views about land tax and stamp duty. Which do you think is better and why?

land tax is the same in a house of one as in a house with 15. it is NOT equal.

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AUSSIE: "Speaking for myself, I could not care less about 298 human beings having their life snuffed out in a nano-second, or what impact that loss has on Members of their family, their parents..."

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John Smith Gold Member Offline Australian Politics Posts: 74966 Gender:	Re: Universal Land Tax for Australia? Reply #49 - Dec 27^th, 2015 at 12:50pm longweekend58 wrote on Dec 27^th, 2015 at 12:45pm: land tax is the same in a house of one as in a house with 15. it is NOT equal. and GST is?
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Swagman Gold Member Offline Beware of cheap imitations...... Posts: 15095 Illawarra NSW Gender:	Re: Universal Land Tax for Australia? Reply #50 - Dec 27^th, 2015 at 1:02pm John Smith wrote on Dec 27^th, 2015 at 12:50pm: longweekend58 wrote on Dec 27^th, 2015 at 12:45pm: land tax is the same in a house of one as in a house with 15. it is NOT equal. and GST is? ...the Good and Services tax
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Bam

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Re: Universal Land Tax for Australia?
Reply #51 - Dec 27^th, 2015 at 1:51pm

longweekend58 wrote on Dec 27^th, 2015 at 12:45pm: