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If 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.
by ianferrel 10y ago
If 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.