It would be really simple to make it “a tax at the rate of 4% of the considerations or value above $5,000,000” but that would probably be hard to show it is revenue neutral. Might be tough to swallow reducing the tax imposed on a $5.1M mansion sale by $200K.
I think Mott’s comparison of LA with CC just showed that such a change would not only be revenue neutral, it would be revenue positive. You’d have to prove that by using the comparison.
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