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a crime to hike house rents!!!??.....Githae the pig.
Rank: Elder Joined: 2/27/2007 Posts: 2,768
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i really don't quite understand what this fellow pig minister githae had smoked when he declared that it will an offence to raise the house rents....just because he will make the landlords pay taxes....bloody bure kabisa!!!! see the link: http://www.nation.co.ke/.../-/s7tg0fz/-/index.html
seems the finance pig has not been operating in a kenyan pigsty where any increase or introduction of new taxes is passed on to the consumer in form of increased costs.... @ pig githae...my houses are my houses and not yours for you to dictate terms to me...fisi wewe!!! since you and your other mpigs did not want your salaries to be reduced or taxed why should you reduce my dispossable rent income through taxation??? i dare you to come to any of my houses and rent one...i swear i will slap you with a rent increase notice and you will do absolutely nothing...kubaf!!! ...besides, the presence of a safe alone does not signify that there is money inside...
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Rank: Elder Joined: 11/15/2011 Posts: 4,518
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now how do expect me a tenant to react to your post? stress. Tenants on one side and owners on the other. We are all lamenting. "The true measure of a man is how he treats someone who can do him absolutely no good.
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Rank: Elder Joined: 2/27/2007 Posts: 2,768
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essyk wrote:now how do expect me a tenant to react to your post? stress.
Tenants on one side and owners on the other.
We are all lamenting.
you see essyk i collect 150k monthly rent... pay 120k monthly for morgage... the remaining 30k is for my family needs and school fees.,, if i start paying 30% tax the situation changes catastrophically...because...my monthly obligation will now rise to 120k + 45k (tax)+ 30k (family expenses) = 195k. ...net income = 150k - 195k = -45k!!!very dangerous indeed... seems you tenants would have to organise monthly harambees to feed my family...as a result of the pigs action... ...besides, the presence of a safe alone does not signify that there is money inside...
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Rank: Veteran Joined: 12/3/2010 Posts: 1,141 Location: Londokwe
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tax on rental income has always been there.check your old income tax return and slap yourself for me if you have been calling other people tax evaders 2012 is here.Kenya is Ours.Be Part of The Peace Keeping Mission To Protect Our Motherland.Say No To Violence and Tribal Hatred .If you can read this,wewe ni mtu amesoma, usifikirie kama mtu hajaenda shule .Ni Hayo Tu
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Rank: Elder Joined: 2/27/2007 Posts: 2,768
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'user' wrote:tax on rental income has always been there.check your old income tax return and slap yourself for me if you have been calling other people tax evaders hi user...i know it was there but had not been enforced or mandatory... but as my computation shows i will be a rich landlord but a beggar if i dont raise the rents...githae hataniletea!!! ...besides, the presence of a safe alone does not signify that there is money inside...
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Rank: Elder Joined: 11/15/2011 Posts: 4,518
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Kaigangio wrote:essyk wrote:now how do expect me a tenant to react to your post? stress.
Tenants on one side and owners on the other.
We are all lamenting.
you see essyk i collect 150k monthly rent... pay 120k monthly for morgage... the remaining 30k is for my family needs and school fees.,, if i start paying 30% tax the situation changes catastrophically...because...my monthly obligation will now rise to 120k + 45k (tax)+ 30k (family expenses) = 195k. ...net income = 150k - 195k = -45k!!!very dangerous indeed... seems you tenants would have to organise monthly harambees to feed my family...as a result of the pigs action... Yes we empathise with you but we the tenants need somebody to listen to our cries as well. An increase in rent means me digging deeper into my pockets yet salary iko vile vile. And yes we know that you guys have a million loans to repay. That is the cost of investing in real estate. ok now please tell me,how it works Say you have 3 units earning you the 150k. 2 units @ 60k 1 unit @ 30k how do you spread your 45k increase across the 3 tenants? My landlady has a couple of houses and some cost more of course.I wonder how the increase shall be effected if she decides to hike. I hv started selling some mandazis just incase. "The true measure of a man is how he treats someone who can do him absolutely no good.
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Rank: Member Joined: 11/8/2011 Posts: 482 Location: Nairobi
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'user' wrote:tax on rental income has always been there.check your old income tax return and slap yourself for me if you have been calling other people tax evaders @user, True, but because it was not being 'applied', landlords 'passed on' the benefit to the tenants. Upon application, the benefit 'ceases' and is 'passed on' to the tenant. Tis unfortunate for the tenants. Secondly, the same people who are not paying taxes are the ones, pushing for additional taxes on the overtaxed. Thirdly, even when you pay the taxes, they are misused, for their selfish purposes. An MP earns K.shs.20,000.00 a week as sitting allowance for attending Parliamentary Sessions. K.shs.20,000.00 per week *52 weeks, equals K.shs.1,040,000.00 p.a. * 222 MPs, totals K.shs.231 million!This excludes other sitting allowances for the many other Committees they sit in;some of which they make technical appearances in more than one a day. Thought we elect these people to go to parliament to enact laws? Which employer give you an allowance, on top of the salary,for you to sit in your office and work?
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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Kaigangio wrote:essyk wrote:now how do expect me a tenant to react to your post? stress.
Tenants on one side and owners on the other.
We are all lamenting.
you see essyk i collect 150k monthly rent... pay 120k monthly for morgage... the remaining 30k is for my family needs and school fees.,, if i start paying 30% tax the situation changes catastrophically...because...my monthly obligation will now rise to 120k + 45k (tax)+ 30k (family expenses) = 195k. ...net income = 150k - 195k = -45k!!!very dangerous indeed... seems you tenants would have to organise monthly harambees to feed my family...as a result of the pigs action... I thot u'd pay tax on the 30K? And shame on you for not paying taxes yet expecting services from the govt.....Bure kabisa "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Veteran Joined: 12/3/2010 Posts: 1,141 Location: Londokwe
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Manyala wrote:'user' wrote:tax on rental income has always been there.check your old income tax return and slap yourself for me if you have been calling other people tax evaders @user, True, but because it was not being 'applied', landlords 'passed on' the benefit to the tenants. Upon application, the benefit 'ceases' and is 'passed on' to the tenant. Tis unfortunate for the tenants. Secondly, the same people who are not paying taxes are the ones, pushing for additional taxes on the overtaxed. Thirdly, even when you pay the taxes, they are misused, for their selfish purposes. An MP earns K.shs.20,000.00 a week as sitting allowance for attending Parliamentary Sessions. K.shs.20,000.00 per week *52 weeks, equals K.shs.1,040,000.00 p.a. * 222 MPs, totals K.shs.231 million!This excludes other sitting allowances for the many other Committees they sit in;some of which they make technical appearances in more than one a day. Thought we elect these people to go to parliament to enact laws? Which employer give you an allowance, on top of the salary,for you to sit in your office and work? before you point a speck in your neighbors eye remove the log in yours. pay taxes and elect leaders who can take care of them in 2013. you can always claim allowable expenses like interest paid land rates caretaker salary etc to mitigate the tax paid. lipeni kodi 2012 is here.Kenya is Ours.Be Part of The Peace Keeping Mission To Protect Our Motherland.Say No To Violence and Tribal Hatred .If you can read this,wewe ni mtu amesoma, usifikirie kama mtu hajaenda shule .Ni Hayo Tu
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Rank: Elder Joined: 2/7/2007 Posts: 11,935 Location: Nairobi
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Let's get it right.....It won't work for landlords to pass any expenses to the tenants since the tax increase involved will be proportional....Simply put,if Essyk is currently paying Kaigangio 30K for her crib,tax would amount to 10k,thus KaigZ keeps 20K (70%).......If Kaigz now increases the rent to 45K,tax involved is 15K and Kaigz keeps 30K (Which is still 70%).It's a no win situation,for the more they increase the rent,so by a similar proportion do they increase Githae's kitty.....and why shouldn't they pay?.They are Kenyans and like my granny would say,"Gutiri wa nda na wamugongo:.....Waripe   ! Nothing great was ever achieved without enthusiasm.
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a crime to hike house rents!!!??.....Githae the pig.
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