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16591

Re: And the Horrible Cycle Continues....

... I see David is keeping nicely in practice with his sneering and name-calling... ... "Eccentric" and "ramshackle," but somehow not refutable... ...
roy_langston
6:30 PM
#16591
 
16590

Re: And the Horrible Cycle Continues....

As Jock says, Schedule A of Income Tax was levied on imputed rent was levied for a long time in the UK and still exists in some jurisdictions. (Schedule A
David Reed
2:26 PM
#16590
 
16589

Re: And the Horrible Cycle Continues....

David, even if the homeowners didn't rent out their properties, they could still borrow off that rental value, no? Because a foreclosing bank could rent out
walterhorn
May 28
#16589
 
16588

Re: And the Horrible Cycle Continues....

Ed, imputed rent used to be taxed under Schedule A in the UK (from around 200 year ago I think). No longer is. But for tenants the “imputed rent” was zero
Jock Coats
May 28
#16588
 
16587

Re: And the Horrible Cycle Continues....

David Reed writes: No owner occupiers are going to unhouse themselves and make more money by renting their homes out, the chance of easy land price inflation
Edward Dodson
May 28
#16587
 
16586

Re: And the Horrible Cycle Continues....

Although more soberly and modestly expressed, I still do not get this objection.It is surely reasonable to use LVT to target house price inflation which is a
David Reed
May 28
#16586
 
16585

Re: And the Horrible Cycle Continues....

Along with all the "baldly"s, "sheer"s, "undeniably"s, "demolishing"s, "humiliating"s, and other chest-thumping declarations in his last post, ... Thirdly,
walterhorn
May 28
#16585
 
16584

Re: And the Horrible Cycle Continues....

There's the problem: RL writes " I don't mind demolishing and humiliating distinguished liars for hire...its a kind of hobby of mine." LVT is a refuge for
David Reed
May 28
#16584
 
16583

Re: And the Horrible Cycle Continues....

... I have stated explicitly, multiple times, that it is not. ... David is not only apparently but baldly and undeniably claiming that in a stagnant feudal
roy_langston
May 27
#16583
 
16582

Re: And the Horrible Cycle Continues....

If the Income Tax is some kind of comparator, the British code had a Schedule A until 1963 which taxed house prices increases straight out of the personal
David Reed
May 27
#16582
 
16581

Re: And the Horrible Cycle Continues....

I think the US one might actually be worse than others, because the deduction begins to phase out at "higher" incomes that won't even get you into the upper
walterhorn
May 27
#16581
 
16580

Re: And the Horrible Cycle Continues....

I thought about responding, but decided against it. That said, from what I can tell, British policy is similar in that the deductions get phased out for
mattbieker
May 26
#16580
 
16579

Re: And the Horrible Cycle Continues....

... It's nothing to do specifically with the American tax code. AFAIK, every single income tax in the world that has ACTUALLY BEEN IMPLEMENTED provides for
roy_langston
May 26
#16579
 
16578

Re: And the Horrible Cycle Continues....

... Would David care to provide a direct, verbatim, in-context quote to that effect...? Of course not. ... ?? What on earth does David erroneously imagine he
roy_langston
May 26
#16578
 
16577

Re: And the Horrible Cycle Continues....

... See? ... LVT bills are not impossible, and that is not the purpose of the UIE, just one of its useful effects. ... No, of course he hadn't. The only thing
roy_langston
May 26
#16577
 
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