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Reply to "Big Beautiful Bill"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Poor and middle class spend their money when they have it. Their needs and wants lists are long. They pay taxes on it when it’s earned, and again on the things they buy. Rich people hoard it, hide it in tax havens, yachts, loophole purchases, and even foreign countries. Or just as bad, they use it to hoard real estate which drives up the cost of housing. And worst of all, when they get ultra rich, they buy politicians and elections which negatively affect us all. [/quote] Have you ever heard of real estate taxes? I have not seen any exemption for expensive homes. [/quote] DP. You don’t know what you’re talking about. PP said they’re hoarding real estate. The rich use the strategy buy, borrow, die. They’re leveraged in tax loopholes wrt real estate.[/quote] Please describe these loopholes which allow owners of expensive homes to avoid real estate taxes? [/quote]
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