• Virgo@lemmy.worldOP
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    1 year ago

    The Stop Predatory Investing Act, introduced by Sens. Sherrod Brown (D-Ohio), Ron Wyden (D-Oregon) and others, would restrict investors who purchase 50 or more single-family rentals from deducting interest or depreciation on those properties from their taxes.

      • Water Bowl Slime@lemmygrad.ml
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        1 year ago

        Even at 50, you already know that there’s gonna be political pundits fearmongering about how Big Government is coming to take away your house or whatever.

        • Virgo@lemmy.worldOP
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          1 year ago

          Maybe it’s just a test like bernie’s proposal to tax a higher rate after 999 million annual income. No one makes that but why would they not pass that into law?

    • 陆船。@lemmygrad.ml
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      1 year ago

      Lmfao 50 is the upper bound of what petty bourgeoisie TikTok passive income sigma landlords own. I’m going to go out on a limb and guess that large property management companies will continue to enjoy the tax benefits of commodifying housing.🤡🤡🤡