3 ms·
How does that tax not just passed onto the occupant? When I was renting I was basically paying all my landlords costs for the property + profit on top. If there
by lovich 5y ago
How does that tax not just passed onto the occupant? When I was renting I was basically paying all my landlords costs for the property + profit on top. If there’s not enough units available or if the landlord class acts as a cartel in pricing then every cost is going to the occupant
- xyzzyz 5y agoThe tax incidence depends on the elasticities of demand and supply. Since the supply of land is, for practical purposes, perfectly inelastic, land value tax cannot be effectively passed onto the tenant. See https://en.m.wikipedia.org/wiki/Land_value_tax#Tax_incidence https://en.m.wikipedia.org/wiki/Land_value_tax#Tax_incidence