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"Why should the poor renter subsidize the rich homeowner?" He's not subsidizing, is he? The tax just goes to the government. Essentially it's an extra tax on r
by roel_v 10y ago
"Why should the poor renter subsidize the rich homeowner?"
He's not subsidizing, is he? The tax just goes to the government. Essentially it's an extra tax on renting.
- ianferrel 10y agoIf the renter pays a higher tax rate than the owner, and they both have the same right to government services, that could be seen as a subsidy.
- woofyman 10y agoLandlords get their own subsidies. All maintenance and improvements are tax deductions. Plus they get to depreciate the property.
- WalterBright 10y agoSuppose a business buys goods at $80 and sells them for $100. You're suggesting that his profit is $100 and he should be taxed on $100 income?
- majormajor 10y agoThat's how sales tax generally works, no? (Which suggests that the cost gets passed along and so it is a hit to the renter.)
- bzbarsky 10y ago> That's how sales tax generally works, no? Yes, which is why a VAT is much saner than a sales tax.