Among the Tax Bill’s Biggest Losers: High-Income, Blue State Taxpayers

Re:Among the Tax Bill’s Biggest Losers: High-Income, Blue St... by hcknwscommenter on Tuesday December 05, 2017 @03:51PM (#15855808)

"That said, it's always been a little odd to me that we could deduct our mortgage interest and property taxes, but a renter cannot even though they're paying a good portion of that on our behalf."

I'm not going to suggest that it is as simple as the following, but the underlying rationale is that the renter benefits from lower rent than it would otherwise be because the landlord has lower expenses.

[ Parent | on HN ]

Re:Among the Tax Bill’s Biggest Losers: High-Income, Blue St... by closeparen on Tuesday December 05, 2017 @04:11PM (#15856031)

Landlords don’t charge their own expenses + some fixed margin. They charge what the market will bear. Expensive blue state housing markets are at no risk of seeing rents fall below landlords’ costs.

[ Parent | on HN ]