Question
Suppose the city of Strelsau has a 10%property tax on rental properties. Rudolph makes $100,000 a year and pays $23,000 per year in rent. Fritz
Suppose the city of Strelsau has a 10%property tax on rental properties. Rudolph makes $100,000 a year and pays $23,000 per year in rent. Fritz makes $40,000 per year and spends $11,600 in rent. Both Rudolph and Fritz rent from Michael.
a.) How is Strelsau's property tax best described?
b.) Who most likely actually pays the tax on the rental property?
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Human Resources In The Urban Economy
Authors: Mark Perlman
1st Edition
1317332474, 9781317332473
