This is a pro-'tax property as income based on imputed rent' account.
In other words, if you own a vehicle that could reasonably be leased for $200 a month, then that's $200/mo that should get added to your gross income and taxed accordingly. Likewise, if you own a house that would otherwise be rented out for $2000/mo, that amount gets added to your taxable income. No other property taxes should be applied.
My reasoning is that property taxes are typically flat and therefore regressive; they're unfair to people who have lower incomes. Also, imputed rent is already income. Property taxes are just a fragmented, roundabout way to try to capture that revenue.
CrimeDad /
npub1yj…an6qu
2023-08-05 16:51:24
Author Public Key
npub1yjfgyz3m6f5n3568c3kzj99ds7y2ylr5nedw4py4t6n47qkylhqs3an6quPublished at
2023-08-05 16:51:24Event JSON
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"content": "This is a pro-'tax property as income based on imputed rent' account.\n\nIn other words, if you own a vehicle that could reasonably be leased for $200 a month, then that's $200/mo that should get added to your gross income and taxed accordingly. Likewise, if you own a house that would otherwise be rented out for $2000/mo, that amount gets added to your taxable income. No other property taxes should be applied.\n\nMy reasoning is that property taxes are typically flat and therefore regressive; they're unfair to people who have lower incomes. Also, imputed rent is already income. Property taxes are just a fragmented, roundabout way to try to capture that revenue.",
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}