It's a balance, 60% is not from the whole rent, if you charge 30% of poverty line you pay 0 tax. Whatever you charge on top of that is taxed. Right now the fed

It's a balance, 60% is not from the whole rent, if you charge 30% of poverty line you pay 0 tax. Whatever you charge on top of that is taxed. Right now the fed poverty line is 20k/yr a 3rd of that is roughly 6k/yr which is 500/mo untaxed. If you charge 1000 rent you pay 300 tax and keep 700. All it means for landlords is they raise rent until they are satisfied with net rent. This means they get less tenants or they are forced to limit rent based on what people can afford while reducing homelessness. It reduces imbalance in areas like LA where rent just keeps going up despite how much people make and there is little new housing. If you can afforf more rent, some of that goes for reducing homelessness so you also have less crime and all that too. If you can charge more rent, the amount you can keep charging because people will pay for that area without considering the poverty and misery it will cause will also be limited.