this post was submitted on 24 Aug 2023
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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
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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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[–] ghost_of_faso2@lemmygrad.ml 47 points 1 year ago (1 children)

hmmm

[–] panopticon@hexbear.net 30 points 1 year ago (1 children)

Socialism is...... When you own your own home??

spoileryes-sicko

che-smile

[–] Honytawk@lemmy.zip 1 points 1 year ago (3 children)

Yes, Socialism has home ownership.

The only thing that is state affiliated more than in Capitalism is the mean of production (businesses) being owned by the state. Everything else is still owned by individuals.

You are thinking of Communism.

[–] silent_water@hexbear.net 16 points 1 year ago

it's a play on "communism means no toothbrush*

[–] bagend@hexbear.net 13 points 1 year ago

You'd also be able to own your own home under communism, to be clear.

[–] polskilumalo@lemmygrad.ml 3 points 1 year ago

A private domicile is not private property, so yes even under communism people will own thier own homes.