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Should expensive properties attract more tax?

  • Thread starter totallyproperty
  • Start date
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totallyproperty

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A number of governments around the world have highlighted the intention to increase taxes on higher value properties as a means of balancing government books. Is it fair that the higher end of the property value spectrum attract higher taxes? In reality they are already paying significantly more tax as a percentage of transaction values than those connected with relatively low value properties.

Is this just a means of milking the rich to cover government budget deficits?
 
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