Quote:
Originally posted by AdanSmith
"A tax on rent falls wholly on the landlord. There are no means by which he can shift the burden upon any one else." John Stuart Mills
Unless of course you want to argue with John Stuart Mills - you don't do you?
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I'll argue with Mills, if he'll come on this board to debate. A tax on rent is like any sales tax; those who see the direct effects are the buyers (renters), not the sellers (landlords), as the tax will be passed directly on to the tenants.