Comment by khuey 9 years ago We tax real property, which is a form of wealth taxation. 3 comments khuey Reply colanderman 9 years ago Municipalities do, but the federal government does not. saas_co_de 9 years ago Right. The bank owns 100% of the property. The "owner" is underwater. And the owner pays property tax. So "wealth" taxation is perfectly fine for that situation.
saas_co_de 9 years ago Right. The bank owns 100% of the property. The "owner" is underwater. And the owner pays property tax. So "wealth" taxation is perfectly fine for that situation.
Municipalities do, but the federal government does not.
Right. The bank owns 100% of the property. The "owner" is underwater. And the owner pays property tax. So "wealth" taxation is perfectly fine for that situation.