The NEW 3.8% Medicaid tax on rental income will raise ALL rents at least 3.8%
How many citizens making less than 200K per year rent?
Taxes aren’t applied in a space black-hole void.
Rent’s going up......
Almost all of FDR's New Deal taxation was on the backs of the poor, all the while claiming he was helping the poor.
Try 12.4% because it will be considered self-employed income. Currently this tax is split between the employee and employer 50/50. The SSI rate is 10.8% and the Disibility portion is 1.8%. Most landlords will simply round it up to a 15% increase.