Land Value Tax How Big Picture

Abolish the state and federal income and sales tax. The Land Value tax would be collected by the local government and portions of that revenue would be paid up to the state and federal government. Any surplus revenue at any level would be returned to the citizens on a per capita basis as a citizens dividend or part of our basic guaranteed income.

A bid system - the free market, would determine valuation. On proposal, such as what David Nolan suggested, landholders would decide “their own valuation; you’d state the price at which you’d be willing to sell your land, and pay taxes on that amount. Anyone (including the tax collector) who wanted to buy it at that price could do so. This is simple, fair, and minimizes government snooping into our lives and business.”