740
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 Blaze@discuss.tchncs.de to c/personalfinance@lemmy.ml
418 comments fedilink hide all child comments

cross-posted from: https://lemmy.crimedad.work/post/12162

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
[-] ATQ@lemm.ee 5 points 1 year ago

If you want to argue that it is a valid use of the state to produce low cost housing then this is an interesting conversation. But much of the rest of your response is nonsense. For instance -

I don't want property taxes. Those need to be removed along with all other types of taxation. The only valid type of taxation should be land value tax, and a carbon emission tax.

You’re going to fund all the social programs of a modern government via, essentially, no taxes? Come on. If you want the government to provide a robust social safety net, including housing, you’ll be looking at Nordics level taxation.

I disagree with your definition.

You can be wrong if you want to be.

[-] Olgratin_Magmatoe@startrek.website 13 points 1 year ago* (last edited 1 year ago)

You’re going to fund all the social programs of a modern government via, essentially, no taxes?

No, it would be funded through land value and carbon taxes. Those two tax types should be the only valid form of taxation. We should still have enough tax to pay for it (after we ditch the bloat our government has. Example).

If you want the government to provide a robust social safety net, including housing, you’ll be looking at Nordics level taxation.

People always complain about such a system but they actually have healthcare, so seems like a moot point to me.

You can be wrong if you want to be.

First off, there's no need to be a dick about it. Second, that definition says person, whereas you said entity.

  • "In either event the entity that owns your house, that isn’t you, is your landlord."

  • "a person who rents land, a building, or an apartment to a tenant."

this post was submitted on 24 Aug 2023
740 points (88.5% liked)

Personal Finance

3819 readers
2 users here now

Learn about budgeting, saving, getting out of debt, credit, investing, and retirement planning. Join our community, read the PF Wiki, and get on top of your finances!

Note: This community is not region centric, so if you are posting anything specific to a certain region, kindly specify that in the title (something like [USA], [EU], [AUS] etc.)

founded 1 year ago
MODERATORS
WandererLagomorph799@lemmy.ml
nieceandtows@programming.dev
nieceandtows@lemmy.ml