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

Economics

1716 readers
11 users here now

founded 5 years ago
MODERATORS
Rumblestiltskin@lemmy.ml
377
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 CrimeDad@lemmy.crimedad.work to c/economics@lemmy.ml
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
[–] PowerCrazy@lemmy.ml -3 points 1 year ago

Perhaps landowning as an "investment" is a shit idea, and that propety should be owned by HUD, or whatever regional equivalent.