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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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[–] usernamesaredifficul@hexbear.net 40 points 1 year ago (2 children)

landlords should be forced to pay a house tax on every house they don't live in to the value of one house

[–] barrbaric@hexbear.net 32 points 1 year ago

Whoa now, let's not be unreasonable. They can be taxed at a geometric rate, starting at 100% the value of the house and doubling for every one thereafter.

[–] JAC@reddthat.com 7 points 1 year ago (1 children)

Property taxes do generally work this way. Maybe they should increase property taxes 2-3x, but also raise the homestead exemption so that owning and living in the home is no more expensive.

[–] usernamesaredifficul@hexbear.net 14 points 1 year ago

yeah I wasn't being serious any actual solution is going to need to be more nuanced than that. Probably involving state provided housing and likely involving high density accomodation. Although it's a real shame that high density accomodation is archtecturally associated with shoddily built housing intended for people the government doesn't give a fuck about because palaces and castles are also examples of high density accomodation.

I think the ideal solution would look like high density state provided housing that is designed to be beautiful and pleasant to live in.