(especially in legal usage) a person who purchases or contracts to purchase; buyer. Origin of emptor. 1870-1875. 1870-75; < Latin: buyer, equivalent to em(ere) to buy + -tor -tor, with intrusive -p-. Examples from the Web for emptor.
Taxes. Because rent is considered income, it is taxable to the extent that your income is taxable. For example, if your income (including rent) minus any allowable exemptions and deductions is still taxable, then your rent is taxable. However, if you also use the rental property as your home, and you rent it out less than 15 days out of the year, then the rent you collect is not considered part of your income.
If the rental income is taxed at marginal tax rate, itâs a huge... show more I have few rental properties which are considered as long-term investments because its meant for my kids college expense. I am wondering if the rental Income is taxed at my marginal tax rate (at 35%) or at long-term investment income tax rate of 15%. If the rental income is taxed at marginal tax rate, itâs a huge... show more I have few rental properties which are considered as long-term investments because its meant for my kids college expense.