Obamacare Calculator... How may we ********* today? (federal government, federal, vote)
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Since one of my businesses actually involves owning rental property, I found your scenario quite laughable..
That $100 deduction in rent I'm not receiving, is actually saving me money because I dont need to hrie people to go out and do the work.
Thats why ALL of my rentals are NNN Leases, where the tenants make all repairs, and even pay the property taxes..
I'm not paying the repair costs YOU ARE as the tenant, so that $100 YOU are paying..
but its not owed.. In your scenario, I'm not paying taxes on the $100, and you as the tenant are because thats $100 less you're getting deducted from your operating costs..
Scenario FAILURE...
You do realize you are the tenant in that scenario and the government is the landlord...
Employers get a tax deduction. That is a subsidy. Yes, yes I know the technical definitions but anytime the government gives you a break on something they are effectively subsidizing.
Employers get a tax deduction. That is a subsidy. Yes, yes I know the technical definitions but anytime the government gives you a break on something they are effectively subsidizing.
Allowing you to keep money THATS YOURS, isnt the government cutting you a break..
Wow, you honestly think you are the landlord in the scenario?
Your right.. The post office sends me checks every month, and I'm the tenant.. yeah, you got me.. you figured it all out, right there on your own computer screen..
Hey, if im the tenant, does this mean the rental income I've been receiving, I dont have to claim as income, but get to tell the IRS its now an expense?
yes IRS, urbanlife said my tenants paying me rent, is now an expense to me.. thus I dont have to pay taxes on the "profits".. and it becomes a deduction..
and you have the nerve to try to talk about subsidies.. hahaha.. what a tool...
You know, things like earned income tax CREDITS.. where we pay poor people to not earn enough...
Please learn the difference and stop making a fool of yourself.
I usually agree with you on many things but this is incorrect in practical everyday application. Anytime you get to post expenses against potential taxes you are being subsidized. Call it what you will if I dont have to pay taxes that someone else does for whatever reason that is a subsidy. Not saying it's bad just calling a duck a duck.
Since one of my businesses actually involves owning rental property, I found your scenario quite laughable..
That $100 deduction in rent I'm not receiving, is actually saving me money because I dont need to hrie people to go out and do the work.
Thats why ALL of my rentals are NNN Leases, where the tenants make all repairs, and even pay the property taxes..
I'm not paying the repair costs YOU ARE as the tenant, so that $100 YOU are paying..
but its not owed.. In your scenario, I'm not paying taxes on the $100, and you as the tenant are because thats $100 less you're getting deducted from your operating costs..
Scenario FAILURE...
You are making a different argument. I think it is fairly obvious that if a landlord is offering to knock off for the monthly rent if the renters do x, y, z, around the property, that the landlord perceives that the value of the renters doing x, y, z is higher than the amount the rent is knocked off.
but it doesn't change that the landlord is still spending $1200 whether the landlord collects the full rent and then mails a check for $1200 or whether the landlord deducts the $100 upfront and just doesn't collect $1200.
Either way whether a check is mailed or not the landlord is spending $1200.
Again, you can't seem to think. If the government collects all taxes owed and simply mailed out checks for those deductions, then you'd say the government is spending money? But if the government merely doesn't collect the taxes for those the deductions then the government isn't spending money?
That makes no sense. Either way just like the landlord whether checks are mailed or not the government is spending money.
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