It would all get rolled up and be included in Mr. Wills mortgage anyway, just like car tax is included in a car loan.
It's just the tax is more visible, and that bothers people for some reason. They'd rather not see it.
A creative Realtor will advertize the house as- "Big nice house 1,298,700- we pay the tax!" That will make those people happy.
A creative Realtor will advertize the house as- "Big nice house 1,298,700- we pay the tax!"`SEC. 510. TAX TO BE SEPARATELY STATED AND CHARGED.
`(a) In General- For each purchase of taxable property or services for which a tax is imposed by section 101, the seller shall charge the tax imposed by section 101 separately from the purchase. For purchase of taxable property or services for which a tax is imposed by section 101, the seller shall provide to the purchaser a receipt for each transaction that includes--
It's just the tax is more visibleAt the same time it's visible it's:
Increased take home pay.Where's the visibility?
Increased purchasing power.
Government checks in the mail every month.
More money for savings.
Reduced interest rates.
Easier to save for a new house.
All the while the government is still funded as usual without a hiccup.
And if Mr. Will defaults? How does the bank recoup the $300,000 already paid to the IRS?