this post was submitted on 24 Aug 2023
378 points (85.5% liked)

Economics

1710 readers
2 users here now

founded 5 years ago
MODERATORS
[email protected]
378
Landlords should have to pay income tax on their rental properties regardless of whether they're rented out or not. (gothamist.com)
submitted 1 year ago by [email protected] to c/[email protected]
120 comments fedilink hide all child comments
 

Why? Because apparently they need some more incentive to keep units occupied. Also, even though a property might be vacant, there's still imputed rental income there. Its owner is just receiving it in the form of enjoying the unit for himself instead of receiving an actual rent check from a tenant. That imputed rent ought to be taxed like any other income.

you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 1 points 1 year ago

I'm not sure what you're getting at. My property tax bill has separate components for the land and the improvements upon it. I'm sure that a larger portion of my income goes to paying it than some of my neighbors.