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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

440 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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[–] Zuberi@lemmy.dbzer0.com 32 points 1 year ago* (last edited 1 year ago) (3 children)

This article title makes ZERO sense. Empty house tax, sure.

But an "income" tax on no rent being paid?

Why would that EVER be passed by the people who own all of the houses? Don't waste the poors' time lol

[–] 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...

[–] peasntanks@lemmy.ml 4 points 1 year ago* (last edited 1 year ago) (1 children)

"Income tax on no income" is exactly what imputed income is, as mentioned by OP. Free perks from an employer are, for example, (in the US), taxed as income.

https://www.hrblock.com/tax-center/income/what-is-imputed-income/

[–] Zuberi@lemmy.dbzer0.com 1 points 1 year ago

That's just not solid logic

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

They can extrapolate the supposed income by looking at how much they asked previous renters.

[–] Zuberi@lemmy.dbzer0.com 2 points 1 year ago

How is that an "income" tax? Make it make sense.