Economics

1708 readers

1 users here now

founded 5 years ago

MODERATORS

380

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 [email protected] to c/[email protected]

120 comments fedilink hide all child comments

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

[–] [email protected] 1 points 1 year ago

I get what you're saying. I agree that there's no new tax policy that will fix the landlord problem on its own. Ideally, it would have to be combined with a massive build out of publicly owned housing and supporting infrastructure, especially transit.