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The higher/est incomes would be taxed at the same flat rate as the middle incomes; increasing incomes at the top generates no more tax revenue than increasing incomes for the middle class.
But creating an enormous income gap between the working poor non-taxpayers and the taxpayers would yield much more income tax revenue for the government. As such, the government would have a very strong incentive to keep the working poor non-taxpayers' income as low as possible while keeping the income of the taxpayers as high as possible. That's EXACTLY the problem we have now.
Your suggestion doesn't help the working poor. It keeps them trapped in poverty. Is that your goal?
They pay higher rent because the owner pays higher taxes.
It is like when they tax oil companies, the oil companies don't eat the tax they pass it along to the consumers. So when everyone says tax what ever company or product it just increases the costs to the end consumers.
They pay higher rent because the owner pays higher taxes.
It is like when they tax oil companies, the oil companies don't eat the tax they pass it along to the consumers. So when everyone says tax what ever company or product it just increases the costs to the end consumers.
but this guy never understands...he thinks homeowners get freebees..and renters pay all the taxes
5 pages ago (pg 48)
I as him this....which he has YET TO ANSWER
as a renter ....do you understand MAINTENANCE.....
ever had to BUY a hot water heater for an apartment....bet you havent
ever had to repace a central AC/HEAT unit for a dwelling....bet you havent
ever had to replace the toilet, that the NASTY RENTERS broke...because it wasnt theirs.....bet you havent
home owners/landlords have to do ALL those things
I can tell you as a homeowner...(it almost never fails) around tax time....something goes wrong.......3 years ago it was the ac/heater.....last year it was the washer/dryer and dishwasher....this year already replaced the microwave,,,and the 10yr old hot water hearter tank went (replaced it with a tankless(love it big time))
They pay higher rent because the owner pays higher taxes.
It is like when they tax oil companies, the oil companies don't eat the tax they pass it along to the consumers. So when everyone says tax what ever company or product it just increases the costs to the end consumers.
We've explained that countless times. They STILL don't get it.
If renters pay NOTHING, it's okay to tax rental property at exorbitant rates right? Like, say, 5 times the rate owner-occupied homes are taxed. Renters pay nothing, so they should be oblivious to it.
Homeowner pays $1000 mortgage payment (includes property taxes, renter pays $1000 rent, renter pays WAY more FAIRtAX THAN HOMEOWNER on equal spending, not to mention that the homeowner enjoyed greater consumption than the renter.
but this guy never understands...he thinks homeowners get freebees..and renters pay all the taxes
5 pages ago (pg 48)
I as him this....which he has YET TO ANSWER
as a renter ....do you understand MAINTENANCE.....
ever had to BUY a hot water heater for an apartment....bet you havent
ever had to repace a central AC/HEAT unit for a dwelling....bet you havent
ever had to replace the toilet, that the NASTY RENTERS broke...because it wasnt theirs.....bet you havent
home owners/landlords have to do ALL those things
I can tell you as a homeowner...(it almost never fails) around tax time....something goes wrong.......3 years ago it was the ac/heater.....last year it was the washer/dryer and dishwasher....this year already replaced the microwave,,,and the 10yr old hot water hearter tank went (replaced it with a tankless(love it big time))
renters NEVER deal with those expenses and TAXES
Of COURSE I understand maintenance, for which the renter pays one way or another. There Is No Such Thing As A Free Lunch and the landlord is in business to make a profit. Usually that means cash flow(income > expenses), principal reduction, and value appreciation.
And renters rarely get the opportunity to contribute their own labor to maintenance, so they have to pay for it in the wy of more cash (higher rent).
Of COURSE I understand maintenance, for which the renter pays one way or another. There Is No Such Thing As A Free Lunch and the landlord is in business to make a profit. Usually that means cash flow(income > expenses), principal reduction, and value appreciation.
And renters rarely get the opportunity to contribute their own labor to maintenance, so they have to pay for it in the wy of more cash (higher rent).
This is going to sound crazy so make sure your seated.
The renter could always save money and buy a house themselves! I know, I probably just broke the Internet.
Rents are subject to FairTax, Landlords must remit this tax to their state tax collector which then remits it to Washington.
Purchase of an existing (used) home is exempt from FairTax, but if you rent the same existing home, you pay up the wazoo.
Since rental property is taxed at a higher rate (in many states) than owner-occupied homes, the FairTax is like a tax on to of a tax (the 'extra' property tax on a rental) on top of a tax (the base proerty tax rate also paid by the homeowner).
I've been saying for years that rental property should NOT be taxed to a greater degree than owner-occupied homes.
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