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The owners may not be paying tax on the rental income, like if they're running it through a company. It's not just a tax on empty homes - it's an attempt to ta
by BrentOzar 10y ago
The owners may not be paying tax on the rental income, like if they're running it through a company.
It's not just a tax on empty homes - it's an attempt to tax under-reporting AirBNB hosts.
(Source: I'm just a guy wearing a tin foil hat)
- koolba 10y ago> The owners may not be paying tax on the rental income, like if they're running it through a company. It's sad that modern laws have to optimize for crap like this. > It's not just a tax on empty homes - it's an attempt to tax under-reporting AirBNB hosts. Which would also unfairly impact accurately reporting AirBnB hosts. Note that I don't actually think the tax itself is a bad idea. It's a clever way to get owners to live local and is a pretty smart as far as "Out of towner's tax"'s go.
- icebraining 10y agoWhy not ask Airbnb for the data? Around here, the city council decided to charge a tax on tourists and Airbnb has agreed to withhold and deliver it directly to them, so it seems like they're willing to cooperate with local governments.