Submitted by NotYourCity t3_10jcyp5 in nyc
djdjddhdhdh t1_j5jpyoo wrote
Reply to comment by Law-of-Poe in NYC, Goldman Sachs Launch Effort to Give Struggling Small Businesses a Lift by NotYourCity
Well the write really depends on what is being written off. AFAIK you still have to pay property taxes on empty properties. But you don’t pay income taxes, since there is no income, and you can transfer loss for certain amount of yers. We can’t particularly charge taxes on income that doesn’t exist, but loss write down could probably be discussed, but will be a difficult implementation
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