How can you have a marginal rate of tax that is an effective 270% against profits? Easy, be a landlord. Although this example is styled to show the highest effective tax on net profits possible, it nonetheless supports our view that the tax code is anti-landlord and that landlords should be treated the same as every other business.
Is it too much to ask, that in return for helping to put a roof over a persons head you are treated as well as a sex-shop is in the tax code? The spreadsheet for demonstrating this calculation is here. Or just click on the image to see a larger version.
