Changed my home from a Liability to an Asset by building a legal registered suite and renting it out for Passive Income.
I can write off half my property Taxes, maintenance costs, Mortgage Interest costs, repairs and utilities.
I could even hire my Tenant to do yard or Maintenance work and write it off against the Income.
As for Tokenizing my home, I'll take some thought how my descendants feel about it. I can see my Beater of a car could be exchanged for Recycle Tokens if a plan exists. lol! Tokenizing my clothes? I can't see it going that far for my underwear.
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Lol sounds like ALOT of admin and hoops to jump through to make it work, no wonder many people don't bother and rather take the knock. Since you've already set it up that way I guess its easier but just thinking about all it makes me tired. I don't see why the onus is on the citizen to do all this admin just to live and prove ownership of stuff
I am the few who would actually manually fill out my Tax forms. I can see what and where my Government Tax amendments are effecting my finances.
The majority of Tax payers either take their recipients to a Professional Tax Preparer or done by a $50+ Tax Prep software package. And so they don't know where the government is cutting on Deductions sneaked in the last fiscal budget.
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Damn that's some level of commitment to avoid getting screwed over or rather minimize it. I do think they rely on us not caring and just not questioning it and paying!