You are viewing a single thread.
View all comments
8 points
*

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.

permalink
report
reply
4 points
*

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.🤡🤡🤡

permalink
report
parent
reply
6 points

Oh boy, that’ll show em!

permalink
report
parent
reply
10 points
*
Deleted by creator
permalink
report
parent
reply
12 points

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.

permalink
report
parent
reply
6 points

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?

permalink
report
parent
reply

Late Stage Capitalism

!latestagecapitalism@lemmygrad.ml

Create post

Community stats

  • 17

    Monthly active users

  • 695

    Posts

  • 3K

    Comments