News: Land Value Tax

The budget deficit is soaring, we are trillions in debt and the economy� is in a shambles, so how are we going to dig ourselves out of this hole? One idea being bandied around is introducing something called VAT. It stands for Value Added Tax but ha

VIRGINIA BEACH For the second year in a row, home values continued their downward slide. Single-family homes posted a 7 percent decrease, low-rise condominiums fell 6.9 percent and townhomes dropped 5.3 percent. Residential and agricultural land makes up 85 percent of the city's tax base. Commercial and industrial make up the other 15 percent.

Addressing some other reasons to support the land value tax and potential objections

We've all heard for decades that the tax code needs an overhaul, it needs to be made simpler, made more progressive, made flatter, made into a sales tax, you name it. We've had a debate about whether we should have an income tax, sales tax, or no tax, but here we will talk about something that should be talked about more: a land value tax

Run on this platform: Bring all troops home and make the top priority of the Federal government to protect US territory from trespass. Only one Federal tax: 5%/year on land value. No filing. Individuals own first $80,000 of land value tax-free. Turn over all Federal programs to the States, with funds apportioned by number of adult citizens.

Location: Carlton Dr, Bumpass, VA Lot Size: 0.9 Acre FMV (really, Tax Assessed Value): $49k Your Price: $14,900 (Reduced for an All-Cash Sale)Features: Raw Land, wooded lot, residential subdivision with many houses built already, Taxes ~ $300/year, POA ~ $20/month, Value has nearly DOUBLED EVERY YEAR in the last 3 years.

The math couldn't be clearer. When you shop local, you keep your dollars local. This increases tax revenues, which in turn pays for our schools, streets, public safety. Some people still don't get it. But that's not the only reason I shop at Busch's.

The tax department thinks that it is possible for certain taxes to be fair. This is deliberate brain-washing. Instead of taxing we should make equal the opportunities to earn, by collecting revenues from land owners according to the value of their sites. We would then be taking back the unujust advantage that ownership of natural resorces confer.

Your property may be assessed higher than the fair market value, and that means paying higher property taxes. Property taxes are levied by the county based on assessed value of your property (land and improvements). In Los Angeles, Ventura and Santa Barbara counties, the property tax fiscal year is from July 1 to June 30 of the next year. The tax a

Haven't heard much about Zimbabwe lately? Read how everyone's favorite basket case just might be turning things around, by instituting a Land Value Tax (LVT). Connecticut is about to try a LVT in impoverished New London, which is corporation-rich, and revenue poor. Both ends of the globe stand to benefit from a LVT.