When taxable income is recorded for income taxes, does that bear much resemblance to reality?<p>Do people really pay sales tax on everything they buy online? And if we could make that happen, is that the kind of internet we&#x27;d want?<p>Land taxes are great because they tax something right out in the open that everyone can see. You might not have a perfect idea of the value, but you can get a pretty good idea by looking at surrounding parcels. Self-assessment, as noted below, is one feasible system out of many.<p>LVT can be avoided by not owning land, but all users of land will need to pay, and they cannot avoid it. But in effect they&#x27;re simply renting from the government rather than a private landlord. The market rent doesn&#x27;t change.<p>Under-assessment can open up the possibility of subleasing, however, just like when normal landlords fail to charge the full rent for whatever reason.