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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 2 years ago by [email protected] to c/[email protected]

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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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[–] [email protected] 141 points 2 years ago (34 children)

Income tax when you aren't receiving an income is a weird idea.

It sounds like the author wants a land tax, but hasn't ever heard the term.

[–] [email protected] 1 points 2 years ago

That's what I think too. A law where you pay more tax for additional properties you own on top of your first home. I don't know enough about the housing market to know if such a law would actually help, but at first glance it does seem like it'd break up some of the corporate slum lord businesses around the US

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