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Companies don’t pay property tax, their renters do. I say this as someone who owned rental properties in an area that jacked up property taxes. Me and all the
by bequanna 3y ago
Companies don’t pay property tax, their renters do.
I say this as someone who owned rental properties in an area that jacked up property taxes. Me and all the other landlords simply raised rent to compensate.
- bombcar 3y agoSure, companies never pay anything, their customers do. But if your property tax was 200%, and a home-owner's was 1%, things would change. Now the argument about what the "minimal available housing" should be would come into play, because people who could not buy no matter what would now be homeless ...
- bequanna 3y agoRight. I just think property tax is the wrong lever to pull here. I think we should remove carrots (the tax advantages at the federal level) instead of trying to penalize via harsher taxes.