Few landlords are paying full marginal income tax on their rental income because of the numerous tax advantages of property ownership (mortgage interest, deprec

Few landlords are paying full marginal income tax on their rental income because of the numerous tax advantages of property ownership (mortgage interest, depreciation, etc) that reduce their tax liability. Variation in the tax situation of different landlords makes it a pretty misleading thing to include in the analysis. Besides, how the landlord and the government divvy up the rent money doesn't make any difference to the startup that needs to pony up $208,000 more dollars. Whether rental income is taxed at 0% or 100%, the cost to renters and startups is a large and growing problem.