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I have no idea what the breakdown of tax allocation looks like in NYC/NY state, but I'm not sure your last statement is correct. I assume the person doing this
by nphase 16y ago
I have no idea what the breakdown of tax allocation looks like in NYC/NY state, but I'm not sure your last statement is correct. I assume the person doing this illegal business is still paying property tax and state income tax? If not, then that's a problem with the IRS, not a housing authority.
- fmora 16y agoThe tax for a residential building and for a hotel are not the same.
- nphase 16y agoI realize that, but it's still extra income that gets taxed back to the government
- whakojacko 16y agoI highly doubt they are paying state income tax on income received from renting. Or occupancy tax, for that matter.
- jodrellblank 16y agoYou can't reasonably argue on something you 'highly doubt'. I think they surely are paying it. There, it's even again now.
- Psyonic 16y agoYou really think all these people are going to add this to their taxes? As self-employment? And deal with the additional paper-work required? Let me guess, you think people pay the required state tax at the end of the year for all the tax-free purchases they made on the internet as well?