this post was submitted on 24 Aug 2023
371 points (85.6% liked)

Economics

1693 readers
2 users here now

founded 4 years ago
MODERATORS
[email protected]
371
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]
111 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] 138 points 1 year ago (33 children)

Income tax when you aren't receiving an income is a weird idea.

It sounds like the author wants a land tax, but hasn't ever heard the term.

[–] [email protected] 22 points 1 year ago (1 children)

Owning a house that you don't inhabit is weirder.

[–] [email protected] 1 points 1 year ago (1 children)

So renting a house for your vacation is also weird?

[–] [email protected] 6 points 1 year ago

It's certainly wasteful. If people are going without any proper shelter, then having extra, mostly vacant housing to yourself should be discouraged.

load more comments (31 replies)