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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
397 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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[-] DessertStorms@kbin.social -2 points 1 year ago

So close, and yet so far, why so desperate to cling on to capitalism??

[-] Olgratin_Magmatoe@startrek.website 3 points 1 year ago* (last edited 1 year ago)

Georgism is not a form of capitalism. Georgism is a strategy for government revenue. Regardless of what type of economy you have, unless you have pure anarchy there needs to be a source of income for the government. Georgism is the least bad option, they're all bad.

I usually fall somewhere in the range of what people call socialism. I'm certainly not a capitalist.

this post was submitted on 24 Aug 2023
740 points (88.5% liked)

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