Real Property Use Tax
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High Quality Content by WIKIPEDIA articles! The Real Property Use Tax (RPUT) is a proposed tax system with assessment based on the size, level of development, and time-in-use of real property, and designed for general revenue acquisition. The tax system has been proposed by Timothy Gillis as a replacement for the federal income tax in the United States. The Real Property Use Tax (RPUT) is a tax system designed for general revenue acquisition, with assessment based on real property. Real property is the term that denotes land and the permanent structures affixed to it, such as houses, office…mehr

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High Quality Content by WIKIPEDIA articles! The Real Property Use Tax (RPUT) is a proposed tax system with assessment based on the size, level of development, and time-in-use of real property, and designed for general revenue acquisition. The tax system has been proposed by Timothy Gillis as a replacement for the federal income tax in the United States. The Real Property Use Tax (RPUT) is a tax system designed for general revenue acquisition, with assessment based on real property. Real property is the term that denotes land and the permanent structures affixed to it, such as houses, office buildings, factories, swimming pools, parking lots, etcetera. Both landowners and renters or leaseholders (land users) are assessed under the RPUT. Land use parameters and four "Basic Rates" are set by Congress to reflect a relative, proportional Service-to-Ownership and Service-to-Use liability.