Renters pay property taxes via their rent. While they aren’t assessed property taxes, their landlord is. Regardless, the renter pays it.
That's why rents are much higher in a high-tax environment; if return on investment is insufficient why bother being a landlord?
“”Renters pay property taxes via their rent. While they arent assessed property taxes, their landlord is. Regardless, the renter pays it.””
That would imply that renters will get a reduction in their rent, right? The landlords get a break on their taxes and it all equals out?? HA!
Exactly - just like customers and/or employees pay corporate taxes through higher prices or reductions (or foregone increases) in salaries, respectively - which also applies to income taxes on the rich derived from pass through business activities or anytime there exists the ability to shift costs to customers or employees.
Exactly - just like customers and/or employees pay corporate taxes through higher prices or reductions (or foregone increases) in salaries, respectively - which also applies to income taxes on the rich derived from pass through business activities or anytime there exists the ability to shift costs to customers or employees.