this post was submitted on 24 Aug 2023
739 points (88.4% liked)

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
[–] AntiOutsideAktion@hexbear.net 3 points 1 year ago* (last edited 1 year ago) (1 children)

Really butchering the language here to not say "passive income" or "making other people work for me"

[–] Manmoth@lemmy.ml 1 points 1 year ago (1 children)

I don't have a problem with either one of those things so pick your favorite.

[–] bagend@hexbear.net 3 points 1 year ago (1 children)

Why are you ok with exploiting people?

[–] Manmoth@lemmy.ml 1 points 1 year ago (2 children)

You forget that for one to acquire said property one must first "exploit" one's self. What I do with the earnings from my exploitation is my business.

[–] BurgerPunk@hexbear.net 4 points 1 year ago (1 children)

pigpoop

[–] Manmoth@lemmy.ml 1 points 1 year ago (1 children)

Quality post. Really compelling stuff.

[–] BurgerPunk@hexbear.net 4 points 1 year ago (1 children)

frothingfash i deserve passive income pigpoop

[–] bagend@hexbear.net 3 points 1 year ago

be better than your exploiters