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Panoramic view of the Jamsil apartment in Seoul. Hankyoreh material photo
When the comprehensive real estate tax bill for this year was shipped, the conservative media is launching the “death tax loan bomb,” citing the case of a sharp increase in taxes. However, this is to generalize and inflate cases limited to a few such as high priced homeowners and multiple homeowners. Yet against the background of such excessive arguments lies the government’s failure to capture house prices even after taking action 24 times. The government should not be impressed by the “bomb theory,” but efforts to restore confidence to stabilize house prices should be rushed. The National Tax Service announced on the 25th that 744,000 people are eligible to pay the final tax this year, and the total amount of the tax is 4.2687 trillion won. Compared to last year, the number of employees increased by 149,000 (25%) and the tax amount increased by 9,216 billion won (27.5%). This is because the house price and the published price went up at the same time. The tax is introduced not only to stabilize house prices, but also to increase tax equity for real estate. It is imposed only when the total publicly advertised house price exceeds 600 million won. 1 Homeowners must exceed 900 million won. In terms of the market price, it is 1.2 billion to 1.3 billion won. It is natural to pay more taxes as the price of your home increases. Furthermore, Korea’s property tax burden is still only half the average for developed countries. The per capita housing tax burden is 2.72 million won, an increase of 279,000 won (11.4%) from last year. If you look at Seoul alone, it’s 309,000 won, which is 235,000 won (8.5%). Nobody would like the tax increase. However, the fact that the house price has risen hundreds of millions of dollars is a distortion beyond exaggeration when saying that it is a “tax bomb” or a “punitive tax” for this increase in tax. . The problem is that not a few people think that the rise in house prices is due to the failure of government policies. The government finds itself in a situation where there is no word to say even with an open mouth. This is even more true in the sense that if the Moon Jae-in administration presented a roadmap to strengthen the property tax from the beginning of its inauguration and it was carried out consistently in stages, it was possible to avoid an increase in house prices and an increase in taxes at the same time. Recently, there are signs of rising sales and falling house prices, mainly in Gangnam, Seoul. If you withdraw the tax now, all the sweat you’ve spilled to stabilize your home price will be wasted. The ‘November House Price Outlook Consumer Trend Index’ released by the Bank of Korea was 130, the highest since January 2013. It means that there are still high expectations that house prices will continue to rise . It is feared if the distrust in the government has been reflected beyond the failure of the real estate policy. It is time for the government to seriously consider measures to restore confidence.
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