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jperras
on Aug 18, 2016
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SF YIMBY Platform
A variation of this taxation proposal exists and has been at work for several years in Ontario. While it is not a 100% taxation on the rise in value of the property, it is indexed to ~2% (for anything above $400,000) of the sale value.
It's called the Land Transfer Tax:
http://www.fin.gov.on.ca/en/tax/ltt/
Consider applying for YC's Spring batch! Applications are open till Feb 11.
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It's called the Land Transfer Tax: http://www.fin.gov.on.ca/en/tax/ltt/