People with multiple homes typically have one home that counts as their residency and those living in that house count as a household.
Other homes are secondary or recreational homes and are not counted to have residents.
Sometimes, rich people will claim to live in one home in a low income tax jurisdiction, while actually spending more time in a high income tax jurisdiction. This is tax fraud and the most recent famous case I can think of is Shakira.
Alright that makes sense. Is there any benefit to living together vs living alone as far as taxes are concerned? I suppose a couple owning two houses and each person claiming to live in a different house (ie two households) would still skew statistics - especially a median.
People with multiple homes typically have one home that counts as their residency and those living in that house count as a household.
Other homes are secondary or recreational homes and are not counted to have residents.
Sometimes, rich people will claim to live in one home in a low income tax jurisdiction, while actually spending more time in a high income tax jurisdiction. This is tax fraud and the most recent famous case I can think of is Shakira.
Alright that makes sense. Is there any benefit to living together vs living alone as far as taxes are concerned? I suppose a couple owning two houses and each person claiming to live in a different house (ie two households) would still skew statistics - especially a median.
It depends on jurisdiction.
In most countries, living together has a slight tax advantage. In some countries it has a disadvantage.