Personal Finance

3660 readers

12 users here now

Learn about budgeting, saving, getting out of debt, credit, investing, and retirement planning. Join our community, read the PF Wiki, and get on top of your finances!

Note: This community is not region centric, so if you are posting anything specific to a certain region, kindly specify that in the title (something like [USA], [EU], [AUS] etc.)

founded 1 year ago

MODERATORS

WandererLagomorph799@lemmy.ml

nieceandtows@programming.dev

nieceandtows@lemmy.ml

739

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.

you are viewing a single comment's thread
view the rest of the comments

[–] Torvum@lemmy.world 2 points 1 year ago

They could now if they wanted. Most lakes are government or private property. You think they'd want to lose profit margin?

Not to mention the massive difference again, the wellbeing of other people. Houses are crafted by skilled workers, it's not a right to their labor, nor a right to the owner's property who purchased it after it was built. You do however have a naturalized right to survival.

The point is, property taxes are fine but saying "um you should be forced by the government to use something you own in a specific manner" is nonsensical and authoritarian overreach at minimum.