(12-28-2024, 10:25 PM)StroudCrowd1 Wrote:

(12-28-2024, 10:08 PM)mikesez Wrote: We already do things like this.
Florida has a homestead exemption.  You pay less property taxes on your first home, and less over time.
The Feds don't consider sales of first or second homes to be capital gains.  Third and fourth, the income from sales is taxable.  The income from rent is taxable regardless.  
Our tax codes are clearly doing thing that point in this direction already.  Maybe we just need to be a bit more aggressive with it.  But my instinct is we need to think outside the box.

Less over time? Lol. Property tax still goes up 3% even for homestead every year to help pay for Deegans trips to London. Property tax is theft.