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Are you a Landlord?
wilyum
#1 Posted : Tuesday, May 29, 2012 11:05:39 AM
Rank: Veteran

Joined: 12/21/2011
Posts: 1,010
Njiraini n company are set on their marks to give you run for u r hard earned dimes Sad Sad

landlord

a4architect.com
#2 Posted : Tuesday, May 29, 2012 11:53:28 AM
Rank: Veteran

Joined: 1/4/2010
Posts: 1,668
Location: nairobi
Rental income tax or property sale tax?
As Iron Sharpens Iron, So one Man Sharpens Another.
youcan'tstopusnow
#3 Posted : Tuesday, May 29, 2012 12:03:07 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
Ala! Watu wamepatikana! But the article only talks about the tax rate on sale proceeds (30 percent). Will tax on rental income attract a similar rate?
GOD BLESS YOUR LIFE
Lolest!
#4 Posted : Tuesday, May 29, 2012 12:10:31 PM
Rank: Elder

Joined: 3/18/2011
Posts: 12,069
Location: Kianjokoma
a4architect.com wrote:
Rental income tax or property sale tax?

sounds like capital gains tax + rental income tax
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youcan'tstopusnow
#5 Posted : Tuesday, May 29, 2012 12:24:26 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
Will he now push for capital gains tax on stocks?Sad
GOD BLESS YOUR LIFE
a4architect.com
#6 Posted : Tuesday, May 29, 2012 12:39:51 PM
Rank: Veteran

Joined: 1/4/2010
Posts: 1,668
Location: nairobi
If he is brave enough, he can tax the rich as in Land Value tax or Idle Land Tax. Any other tax is for the middle income, low income workers who toil their sweat and blood for the money.
He can try some bravado by taxing the rich land owners sitting on idle land who dont have to sweat for their land wealth.
As Iron Sharpens Iron, So one Man Sharpens Another.
Jamani
#7 Posted : Tuesday, May 29, 2012 12:45:37 PM
Rank: Elder

Joined: 9/12/2006
Posts: 1,554
a4architect.com wrote:
If he is brave enough, he can tax the rich as in Land Value tax or Idle Land Tax. Any other tax is for the middle income, low income workers who toil their sweat and blood for the money.
He can try some bravado by taxing the rich land owners sitting on idle land who dont have to sweat for their land wealth.


Thats like.. he holds a gun to his own head and pulls the trigger only the very brave can do that, to test if it works
Jamani
#8 Posted : Tuesday, May 29, 2012 12:48:12 PM
Rank: Elder

Joined: 9/12/2006
Posts: 1,554
Going by the need to meet his tax collection target, he might even tax those living in their own houses.. they are also landlords you know...
a4architect.com
#9 Posted : Tuesday, May 29, 2012 12:50:19 PM
Rank: Veteran

Joined: 1/4/2010
Posts: 1,668
Location: nairobi
@jamani..true..if he can tax the major land bankers, people owning idle land in hundreds of acres, then we can all give him marks for being brave. The list of people owning over 100 acres in Kenya start with the Queen, Catholic church, Kenyatta, Kibaki, Moi e.t.c. If he tries these, i doubt if he can last in that seat for more than 1 hour.
Untill then, he can tax as many as the 8 to 5 workers, flats owners as he wants,it will still not make a positive effect to the economy. The biggest holders of the economy frommoving forward are the land bankers who deny other citizens the ability ot use the land to produce agric,industry,housing e.t.c
As Iron Sharpens Iron, So one Man Sharpens Another.
Jamani
#10 Posted : Tuesday, May 29, 2012 12:52:55 PM
Rank: Elder

Joined: 9/12/2006
Posts: 1,554
a4architect.com wrote:
@jamani..true..if he can tax the major land bankers, people owning idle land in hundreds of acres, then we can all give him marks for being brave. The list of people owning over 100 acres in Kenya start with the Queen, Catholic church, Kenyatta, Kibaki, Moi e.t.c. If he tries these, i doubt if he can last in that seat for more than 1 hour.


It will be the last thing he ever does in that office...and after you will see him in court facing malicious charges
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