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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

375 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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[–] exohuman@programming.dev 10 points 1 year ago (1 children)

They don’t? They do where I live. Property tax is real in Michigan.

[–] Abraxiel@hexbear.net 7 points 1 year ago

It's a little more squishy if you're a large retailer. https://www.mlive.com/news/2023/04/the-dark-store-theory-has-cost-michigan-cities-millions-its-facing-new-challenges.html

[–] phthalocyanin@lemmy.world 10 points 1 year ago* (last edited 1 year ago)

landlords ought not exist

[–] xantoxis@lemmy.world 8 points 1 year ago (1 children)

Ahem.

Landlords should have their rental properties seized and placed under the ownership of the local government. Berlin did it. You want to bring housing prices back into reach of the middle class? Stop letting people hoard houses.

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[–] Incubus@sh.itjust.works 7 points 1 year ago (10 children)

Just add land value tax

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