They want to take so much more https://www.stripes.com/news/civili...ered-taxable-income-after-law-change-1.525359This is just as dumb as taxing the military wages......gota get a cut of that money.
Complete BS.....now don't get me wrong when i say this but i think there are way to many government employees already but sticking them with a Bill when they are required to move is just plain shitty.They want to take so much more https://www.stripes.com/news/civili...ered-taxable-income-after-law-change-1.525359
I think that is what some areas did. If you rent out more than 1 location or rent a single location more than 1 month a year they bumped you into the hospitality category.tax the shit out of them.... the ones who are subletting more than a dozen units
hey, his comment obviously wasn't directed at you, please move on damn, your comment wasn't aimed at me so I shouldn't have read that or shouldn't be writing this reply. Further more no comments or articles are directed at a single person so nobody should ever reply to anyone's post or to any article... we should all just delete our accounts now as that is the only solution out of this downward slope we are on.The article obviously wasn't directed at you. Please move on.
We do pay taxes! I pay city taxes, county taxes, transit taxes and a ~30% tax on every penny I "make" off of our vacation rentals. I probably pay more taxes, percentage wise, than the average person. Furthermore, I have to depreciate the structure's value and pay an appreciation tax when or if I decide to sell the property. Last year, one of our properties lost ~$15K due to required maintenance and renovations. This year, I'll be lucky to break even. So, yeah, taxes suck, but "honest" Airbnb businesses pay their fair share of taxes IMHO...Hotel taxes are pretty bullshit (especially if you've ever visited Arizona, wow do they love taxing visitors); but if your AirBNB operates like a hotel, it should pay hotel taxes.
I disagree. In most big cities , home prices are so high, most people are forced to rent. Homes are up close to 300% in some markets over the past decade.Quality renters are scarce because they've moved onto buying homes.
If you had tens of million of dollars tied up in newly developed property (that you couldn't sell), wouldn't you be trying to recoup the original development/purchasing costs "the fastest way possible"? I know I would. It costs a crapload of money to maintain a high rise building. As for Airbnb, they only collect a small portion of the rental fees. It's kinda' like Ebay for rental properties. Should we expect eBay to pay sales taxes on all goods that are sold by their users? The property owners receive most of the profit and are required to pay taxes on it. IMHO, nobody's getting screwed except for the multi-billion dollar Hotel chains that routinely charge $320+ night for an outdated room with poor Internet and subpar amenities. Until companies like Airbnb and Homeaway became an option, hotel chains didn't have any real competition. They drove the little hotels out of business and then slowly started jacking up their rates to be consistent. The government is still collecting their 35% - 40% cut from the owner's profits, and owners are responsible for paying their local occupancy taxes if applicable. New York is just bitching because they want more money. People are bitching because they've been priced out of the housing market in large cities...I disagree. In most big cities , home prices are so high, most people are forced to rent. Homes are up close to 300% in some markets over the past decade.
I believe rental scarcity has to do with recouping original development/purchasing costs the fastest way possible. Having difficulties selling a new high rise building out? No problem, airbnb the entire thing and make a killing on it. They have been doing this for a few years now, with no sort of oversight. Airbnb, can't have their cake and eat it too. You want to be like a hotel, you should deal with the same regulations.
It isn't.This article is HardOCP material how?
I say bring on the clickbait tittas!It isn't.
This is just another political opinion thread that Kyle hopes will get more engagement. That is how websites work. Post sensationalist material and get more clicks/engagement.
Anyway, AirBNB and Uber getting some regulation is fine with me. Don't like it? Then don't use/provide it. It is pretty simple.
Airbnb and Homeaway aren't competing, they are actually stealing by not paying like all the rest. You seem to think airbnb is some flyby night outfit. Last I checked they're as big as some of the largest hotel chains ~$31 billion valuation. They, much like Uber and all these other bullshit scams, are not "disrupting" anything except the tax collections. Guess what, I pay my taxes , yet they don't want to . Now how the hell is that fair?Until companies like Airbnb and Homeaway became an option, hotel chains didn't have any real competition
The media protects the politicians from the consequences of such corruption as long as the media gets what they want.The government just protects who ever pays them off.
big IF AirBnB audits their listing regularly to ensure local tax laws are followed else the threat of delisting.But that's where you fail to understand what Airbnb and HomeAway are. They aren't hotel chains. They dont own or rent vacation homes (to my knowledge). Their websites are nothing more than a web portal for property owners and users to communicate with each other and/or conduct business. Their business models are similar to any SAP (i.e. Ariba). As such, they charge a fee and take a small portion of the profits for each and every transaction. Airbnb and HomeAway both pay their business taxes, like any other company. The owner of the property pays business taxes and any applicapable taxes that are required by state, federal, county or city. Asking them to pay a hotel tax would be like asking Ariba to pay an additional sales tax on the items their customers sell through their SAP. It'd be like asking eBay to pay sales tax on items sold by their users. It's neither Airbnb's nor Homeaway's responsibility to pay this tax because it is paid by the property owners, like myself. The reason Airbnb and HomeAway are so huge is because millions of people use them. Ariba and eBay are pretty huge too...
Shouldn't it be the owners responsibility to follow the laws and/or report taxes to the federal government? Airbnb sends a me tax statement at the end of the year. If I make more than $20K a year, Airbnb files a W9 with the federal government. Hell, Airbnb even collect a local "occupancy" tax from my earning because our county requires them to do so. Now, because I claim my Airbnbbig IF AirBnB audits their listing regularly to ensure local tax laws are followed else the threat of delisting.
So, punish Airbnb because property owners aren't reporting/paying their taxes properly? Airbnb sends me a tax statement at the end of the year. If I earn more than $20K in a year, they file a W9 with the federal government.big IF AirBnB audits their listing regularly to ensure local tax laws are followed else the threat of delisting.
All the hotels pay all those taxes too and the hotel tax. When I stay at a vacation rental, it's basically the same as staying at a hotel, except nobody comes and bothers me to change the sheets and towels all the time; if a municipality is taxing me to be a visitor, they should tax me on a hotel or a vacation rental the same. It's maybe different if I'm just renting a bedroom, or sharing a couch, or if you're only renting your place out while you're away, but if it's a place to sleep business, it's a place to sleep business.We do pay taxes! I pay city taxes, county taxes, transit taxes and a ~30% tax on every penny I "make" off of our vacation rentals. I probably pay more taxes, percentage wise, than the average person. Furthermore, I have to depreciate the structure's value and pay an appreciation tax when or if I decide to sell the property. Last year, one of our properties lost ~$15K due to required maintenance and renovations. This year, I'll be lucky to break even. So, yeah, taxes suck, but "honest" Airbnb businesses pay their fair share of taxes IMHO....
you are assuming it is the same group that is saying both. Personally, i think all parties should be paying their fair share.Funny this place, feds go after Amazon for them to collect taxes and people lose their shit, how dare the government take my money, interstate commerce, yadda yadda, AirBnB may not collect occupancy tax (apparently they do according to OregonLAN) and these fuckers arent paying their fair share!!