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When they do, they face a high tax bill.
Whereas a high tax on property can discourage investment, a high tax on land creates an incentive to develop unused sites.
The result was a high tax burden and frequent budget deficits.
For conservatives, a high tax rate is an infringement on one's liberty.
Is it better to have a high tax rate when you buy a house?
No candidate is willing to get up and say, "We need a to have a high tax on gasoline".
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Q: Would this apply to a high tax-bracket borrower who deducts mortgage interest payments?
California is already a high-tax state.
"If you're capital-intensive, it's a high-tax state.
"We did not want a high-tax jurisdiction," he said.
Or, in a high-tax economy, cutting taxes might deliver bigger benefits than eliminating public debt.
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