PRESIDENT GEORGE W. BUSH Message Board

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Politics : PRESIDENT GEORGE W. BUSH

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To: Bill who wrote (24368)	7/13/2000 1:06:55 PM
From: Lizzie Tudor	Read Replies (2) of 769667

I used to support your concept of NST until I realized that in order for things to be reasonably fair homes and real estate must be taxed at the same nst rate as everything else - so say you had an nst rate of 18% - imagine what that would do to the property values in the metropolitan areas - I don't think it will fly. An NST tax that excluded real estate would be terribly unfair, there just isn't enough difference between what the wealthy buy vs. the poor. Real estate is where the rich money goes. Another issue along those lines is - if you do tax real estate with your nst, and someone owns a primary residence, a vacation residence and 3 investment properties, how do you tax the investments? And if you do tax the investment properties as consumption then would you also tax the financial markets at 18%? Sadly, I don't think you have thought this one through, e-bill (although that is nothing new).

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