Comments on: Wealth Redistribution, The Renter’s Credit http://www.residualforces.com/2007/04/24/wealth-redistribution-the-renters-credit/ A Stream of Consciousness by Andy Aplikowski on His Life, His Politics, His Dogs, His Truck, and Whatever Pleases His Fancy Sat, 22 Nov 2008 07:37:26 +0000 http://wordpress.org/?v=2.6 By: R-Five http://www.residualforces.com/2007/04/24/wealth-redistribution-the-renters-credit/#comment-37607 R-Five Wed, 25 Apr 2007 00:53:26 +0000 http://www.residualforces.com/2007/04/24/wealth-redistribution-the-renters-credit/#comment-37607 One more little wrinkle is that if you die before filing for this rent credit, the state stiffs your estate and keeps the money. Yes, this is income redistribution / welfare, not really tax policy. One more little wrinkle is that if you die before filing for this rent credit, the state stiffs your estate and keeps the money. Yes, this is income redistribution / welfare, not really tax policy.

]]> By: Andy http://www.residualforces.com/2007/04/24/wealth-redistribution-the-renters-credit/#comment-37604 Andy Tue, 24 Apr 2007 17:56:01 +0000 http://www.residualforces.com/2007/04/24/wealth-redistribution-the-renters-credit/#comment-37604 You can look at it that way, but the people don't get this refund until August or later of the following year. there are so many more dark secrets to this garbage plan that you'd not be joking around like that. If you have a roommate for two months that you let stay out of the goodness of your heart, rent free. The State of Minnesota dictates that landlords must give that roommate a credit form for those 2 months for their equal share (despite not actually paying it). That non-paying roommate ends up getting a refund eventhough they paid nothing. In a way, they take money out of one paying residents' hands and give it to someone who isn't paying a thin dime. You can look at it that way, but the people don’t get this refund until August or later of the following year. there are so many more dark secrets to this garbage plan that you’d not be joking around like that.

If you have a roommate for two months that you let stay out of the goodness of your heart, rent free. The State of Minnesota dictates that landlords must give that roommate a credit form for those 2 months for their equal share (despite not actually paying it). That non-paying roommate ends up getting a refund eventhough they paid nothing.

In a way, they take money out of one paying residents’ hands and give it to someone who isn’t paying a thin dime.

]]> By: Nordeaster http://www.residualforces.com/2007/04/24/wealth-redistribution-the-renters-credit/#comment-37603 Nordeaster Tue, 24 Apr 2007 16:47:31 +0000 http://www.residualforces.com/2007/04/24/wealth-redistribution-the-renters-credit/#comment-37603 On the other side, with the additional relief making rental property more affordable to tennants, landlords should be able to up the rent. I'm sure that's not what those behind this has in mind, but it only follows that this is a real possibility. Unintended consequences... On the other side, with the additional relief making rental property more affordable to tennants, landlords should be able to up the rent. I’m sure that’s not what those behind this has in mind, but it only follows that this is a real possibility.

Unintended consequences…

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