Landlords should have to pay income tax on their rental properties regardless of whether they're rented out or not. ( gothamist.com )

Zuberi , 10 months ago

This article title makes ZERO sense. Empty house tax, sure.

But an “income” tax on no rent being paid?

Why would that EVER be passed by the people who own all of the houses? Don’t waste the poors’ time lol

WhiteTiger , 10 months ago

Yep, a 100% income tax rate on zero income is zero. It seems a lot of reddit’s financial incompetence is spilling over to lemmy. Also, property taxes exist and are being paid already…

peasntanks , 10 months ago

“Income tax on no income” is exactly what imputed income is, as mentioned by OP. Free perks from an employer are, for example, (in the US), taxed as income.

www.hrblock.com/…/what-is-imputed-income/

Zuberi , 10 months ago

That’s just not solid logic

Honytawk , 10 months ago

They can extrapolate the supposed income by looking at how much they asked previous renters.

Zuberi , 10 months ago

How is that an “income” tax? Make it make sense.