That benefits the rich so no surprise here.
Gee what a surprise. Another handy loophole that does little more than allow the wealthiest Americans to skip out on paying taxes that somehow survived the GOPs totally-sincere effort to Reform the Tax Code. Color me shocked.
This provision is just a way to ratchet up real estate prices and deny entry level opportunities for people just starting out. It’s a bad idea, it’s bad policy, it creates a special class of tax free investor.
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