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To: Brian Griffin
Even if that were, or even is, the case, it still would increase the cost for a rental property for the renter. Because the owners would still exercise that practice, and the deduction would not match dollar for dollar with the taxation levied on the renter. In addition, it would become double taxation for that rental property. I'm sure the state would love that arrangement.

Now in the case of a business, they can and do write off their rental costs, but as a deduction of costs for doing business. They also pay property taxes on all merchandise remaining in stock. Which is why they have sales nearing the end of the tax year. To lessen that tax burden.

35 posted on 10/31/2017 11:44:25 AM PDT by Robert DeLong
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To: Robert DeLong

“double taxation”

There is no double taxation under my system.

Land gets taxed, buildings get taxed.

A property gets taxed the same no matter how it is owned or if it is rented or not.


38 posted on 10/31/2017 1:40:46 PM PDT by Brian Griffin
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