At @iteptweets we found just 1.9% of taxpayers would pay more personal income or payroll taxes under Biden's plan, and that varies little by state. We also found corporate changes would likely be small or offset by tax cuts for all but the well-off. itep.org/national-and-state-…
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Steve Wamhoff retweeted
Congress missed an opportunity to reform real estate taxes, which @SteveWamhoff laid out at bit.ly/2Cg5zp1 Why permit owners to depreciate their buildings beyond normal wear and tear? We already permit them to deduct maintenance and interest expense, and defer gains.
The White House last year championed a sweeping revision of the nation’s tax laws that expanded many of the benefits enjoyed by real estate investors, allowing them to reap even larger deductions. nyti.ms/2A7YPI3
