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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

185 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.

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[–] WhiteTiger@sh.itjust.works 11 points 1 year ago* (last edited 1 year ago)

Yep, a 100% income tax rate on zero income is zero. It seems a lot of reddit's financial incompetence is spilling over to lemmy. Also, property taxes exist and are being paid already...