Uncovered: MASSIVE Tax give away in Stimulus Bill

[colfax_m]

Wealthy real estate developers like Trump score a huge tax break in the stimulus bill

The $2 trillion coronavirus stimulus bill passed by the Senate provides aid for average consumers and small businesses -- but there's also a lucrative tax break for wealthy real estate developers.

edition.cnn.com

Bonanza for Rich Real Estate Investors, Tucked Into Stimulus Package (Published 2020)

A small change to tax policy could hand $170 billion in tax savings to real estate tycoons.

www.nytimes.com.

https://www.congress.gov/116/bills/hr748/BILLS-116hr748eas.pdf

Currently if you own real estate and other businesses, you get to use depreciation AND improvement/upgrade expenses to write off the profits on your other businesses/income. Meaning If I make $1 million or $1 billion trading stocks or any other business, and I own real estate I can make tax deductions on that $1 million/billion profit by claiming depreciation on real estate or upgrade expenses. This is already a pretty big scam and windfall for real estate investors.

BUTTTTTT
This is capped at $500k, so you could only deduct $500k of that $1 million/billion or whatever the income is... BUTTTTT in this stimulus bill, republicans quietly slipped a provision in that removes the cap completely!!!!

Meaning now you can deduct any amount that you can come up with (even Billions)!!! So basically you can make millions/billions on non-real estate income and pay no taxes on it, by claiming depreciation and upgrades of your real estate investments!!!!

BUTTTT it gets even worse!!! They also made the removal of the cap retroactive for the past 3 years!!! So that means you can deduct the depreciation etc etc from 2018 and the government will send them a massive refund check!!!!

This is estimated to cost the government $180 Billion!! That $180 billion could go to hard working Americans, but it is going to the ultra wealthy. This is indefensible, but we know that Trumpers will somehow defend it, because they are sheep!! Stop crying about being over taxed, because you gladly support policy that lets the ultra wealthy pay no taxes on their millions/billions...

By "MASSIVE tax give away" you mean.....THEY GET TO KEEP MONEY THEY EARNED???

IT'S NOT YOUR FUCKING MONEY, YOU COCKSUCKING COMMUNIST PIECE OF SHIT!!!

.

AHAHAHA so you think it is fair and smart policy to have millionaires and billionaires pay a much smaller percentage in taxes than the middle class. This excuse is so pathetic and does not age well.

AHAHAHA so you think it is fair and smart policy to have millionaires and billionaires pay a much smaller percentage in taxes than the middle class.

You think millionaires and billionaires pay a much smaller percentage in taxes than the middle class?

Your elevator doesn't go all the way to the top floor, does it?

With this loop hole yes, man you are just stupid...

If they have $1,000,000 in gains and $1,000,000 in depreciation, their income is zero.
How does that make them a millionaire? How much tax should someone pay with $0 income?

Depreciation of real estate seems weird to me. I mean, buildings don’t really depreciate like that. They go up in value.

buildings don’t really depreciate like that.

Three identical buildings, one is ten years old, one is five years old, one is brand new.

Are they identical in value?

That depends, doesn’t it. If they’re identical, then why wouldn’t they be?

The depreciation is greatly overstated on their taxes, giving them a huge tax savings when in reality the depreciation is very very small, making it a huge loophole. Toddster doesn't want to admit this though

They are allowed to depreciate the entire value over 20 years, correct?

 

[Toddsterpatriot]

Still waiting for Meister to tell us who Banker's "masters" are who have him down on his knees.
I know the Republicans who support Trump aren't down on their knees.
They are up in Trump's colon.

.

The 3 amigos of stupidity Meister, Toddster, and Nostra. These people are literally too stupid for words.

Nostra doesn't even understand that Buffet pays a lower tax percentage than his secretary, this is public info, he's released it...

Buffet pays a lower tax percentage than his secretary, this is public info, he's released it...

Cool story, bro.
How much does his secretary earn? What are her capital gains?
How much does he earn? What are his capital gains?

Nice diversion dumb ass, and a pointless one. You were too stupid to understand what the real estate depreciation is, and you have been schooled yet again... son

I have told you this repeatedly, anytime you want to go up against me you better know what the fuck you are talking about or you are going to get schooled...

You were too stupid to understand what the real estate depreciation is,

View attachment 316799

This sounds like an ok explanation. Is it wrong?

and you have been schooled yet again... son

Is that when you call it when I laugh at your stupidity?

OK so then using that explanation can you then comprehend that somebody can earn millions in profits from trading stocks or another business yet pay no taxes on those millions, AND still have the real-estate that they own appreciate in value and earn passive rental income, all at the same time using the depreciation loophole to pay no taxes for the year...

Or are you still too stupid to comprehend this??? Because look what you posted it says it in the second paragraph, which is why it is a loop hole.

WHAT YOU DIDN"T COMPREHEND BEFORE: You can claim on your taxes that the real-estate is depreciating, the law allows this, but really it is appreciating, that is why it is a loop hole... Dumbass...

And can you finally admit that Buffet pays a lower total tax rate than his secretary, something that is preposterous... A billionaire pays a lower tax rate than their secretary...

Wow that was enough schooling for one day... Again, next time you go up against me you better have some form of a clue what you are talking about or you will look stupid yet again...

OK so then using that explanation can you then comprehend that somebody can earn millions in profits from trading stocks or another business yet pay no taxes on those millions,

Abso-fuckin-lutely. $1,000,000 in profits minus $1,000,000 in depreciation equals zero.

AND still have the real-estate that they own appreciate in value

Wait.....are you saying that an unrealized capital gain is untaxed? Well.......DUH!

You can claim on your taxes that the real-estate is depreciating

Why don't you explain what depreciation means?

And then you understand that by using the loop hole they can legally claim depreciation on their taxes, when in fact the asset is appreciating, as explained in the forbes article, Hence making it a loop hole that allows them to pay no taxes, yet take no losses (actually they make gains)... which doesn't really make sense... because you didn't seem to understand this fact 15 minutes ago

Council Post: Why Depreciation Is The Biggest Perk Of Real Estate Investing

There's one characteristic of real estate that makes it an asset worth considering over all others.

www.forbes.com

The value of a real estate investment such as an apartment complex, for example, can appreciate in value over time, thus creating more equity for the owner, while the value of the building depreciates, thus reducing its tax basis.
Making it an appreciable asset that is allowed a depreciation for tax purposes

And then you understand that by using the loop hole they can legally claim depreciation on their taxes,

I understand that depreciation is a valid expense.
I understand that nothing has an infinite useful life, not even an apartment complex.

Do you understand?

You never explained what happens to the depreciation when you sell.

 

[LordBrownTrout]

Wealthy real estate developers like Trump score a huge tax break in the stimulus bill

The $2 trillion coronavirus stimulus bill passed by the Senate provides aid for average consumers and small businesses -- but there's also a lucrative tax break for wealthy real estate developers.

edition.cnn.com

Bonanza for Rich Real Estate Investors, Tucked Into Stimulus Package (Published 2020)

A small change to tax policy could hand $170 billion in tax savings to real estate tycoons.

www.nytimes.com.

https://www.congress.gov/116/bills/hr748/BILLS-116hr748eas.pdf

Currently if you own real estate and other businesses, you get to use depreciation AND improvement/upgrade expenses to write off the profits on your other businesses/income. Meaning If I make $1 million or $1 billion trading stocks or any other business, and I own real estate I can make tax deductions on that $1 million/billion profit by claiming depreciation on real estate or upgrade expenses. This is already a pretty big scam and windfall for real estate investors.

BUTTTTTT
This is capped at $500k, so you could only deduct $500k of that $1 million/billion or whatever the income is... BUTTTTT in this stimulus bill, republicans quietly slipped a provision in that removes the cap completely!!!!

Meaning now you can deduct any amount that you can come up with (even Billions)!!! So basically you can make millions/billions on non-real estate income and pay no taxes on it, by claiming depreciation and upgrades of your real estate investments!!!!

BUTTTT it gets even worse!!! They also made the removal of the cap retroactive for the past 3 years!!! So that means you can deduct the depreciation etc etc from 2018 and the government will send them a massive refund check!!!!

This is estimated to cost the government $180 Billion!! That $180 billion could go to hard working Americans, but it is going to the ultra wealthy. This is indefensible, but we know that Trumpers will somehow defend it, because they are sheep!! Stop crying about being over taxed, because you gladly support policy that lets the ultra wealthy pay no taxes on their millions/billions...

I'll be using that deduction to pay the employees that I had to layoff.

 

[BrokeLoser]

Wealthy real estate developers like Trump score a huge tax break in the stimulus bill

The $2 trillion coronavirus stimulus bill passed by the Senate provides aid for average consumers and small businesses -- but there's also a lucrative tax break for wealthy real estate developers.

edition.cnn.com

Bonanza for Rich Real Estate Investors, Tucked Into Stimulus Package (Published 2020)

A small change to tax policy could hand $170 billion in tax savings to real estate tycoons.

www.nytimes.com.

https://www.congress.gov/116/bills/hr748/BILLS-116hr748eas.pdf

Currently if you own real estate and other businesses, you get to use depreciation AND improvement/upgrade expenses to write off the profits on your other businesses/income. Meaning If I make $1 million or $1 billion trading stocks or any other business, and I own real estate I can make tax deductions on that $1 million/billion profit by claiming depreciation on real estate or upgrade expenses. This is already a pretty big scam and windfall for real estate investors.

BUTTTTTT
This is capped at $500k, so you could only deduct $500k of that $1 million/billion or whatever the income is... BUTTTTT in this stimulus bill, republicans quietly slipped a provision in that removes the cap completely!!!!

Meaning now you can deduct any amount that you can come up with (even Billions)!!! So basically you can make millions/billions on non-real estate income and pay no taxes on it, by claiming depreciation and upgrades of your real estate investments!!!!

BUTTTT it gets even worse!!! They also made the removal of the cap retroactive for the past 3 years!!! So that means you can deduct the depreciation etc etc from 2018 and the government will send them a massive refund check!!!!

This is estimated to cost the government $180 Billion!! That $180 billion could go to hard working Americans, but it is going to the ultra wealthy. This is indefensible, but we know that Trumpers will somehow defend it, because they are sheep!! Stop crying about being over taxed, because you gladly support policy that lets the ultra wealthy pay no taxes on their millions/billions...

By "MASSIVE tax give away" you mean.....THEY GET TO KEEP MONEY THEY EARNED???

IT'S NOT YOUR FUCKING MONEY, YOU COCKSUCKING COMMUNIST PIECE OF SHIT!!!

.

AHAHAHA so you think it is fair and smart policy to have millionaires and billionaires pay a much smaller percentage in taxes than the middle class. This excuse is so pathetic and does not age well.

AHAHAHA so you think it is fair and smart policy to have millionaires and billionaires pay a much smaller percentage in taxes than the middle class.

You think millionaires and billionaires pay a much smaller percentage in taxes than the middle class?

Your elevator doesn't go all the way to the top floor, does it?

With this loop hole yes, man you are just stupid...

If they have $1,000,000 in gains and $1,000,000 in depreciation, their income is zero.
How does that make them a millionaire? How much tax should someone pay with $0 income?

Depreciation of real estate seems weird to me. I mean, buildings don’t really depreciate like that. They go up in value.

Many things seem "weird" to the ignorant and uninformed.
Here's some free enlightenment.

 

[Toddsterpatriot]

Wealthy real estate developers like Trump score a huge tax break in the stimulus bill

The $2 trillion coronavirus stimulus bill passed by the Senate provides aid for average consumers and small businesses -- but there's also a lucrative tax break for wealthy real estate developers.

edition.cnn.com

Bonanza for Rich Real Estate Investors, Tucked Into Stimulus Package (Published 2020)

A small change to tax policy could hand $170 billion in tax savings to real estate tycoons.

www.nytimes.com.

https://www.congress.gov/116/bills/hr748/BILLS-116hr748eas.pdf

Currently if you own real estate and other businesses, you get to use depreciation AND improvement/upgrade expenses to write off the profits on your other businesses/income. Meaning If I make $1 million or $1 billion trading stocks or any other business, and I own real estate I can make tax deductions on that $1 million/billion profit by claiming depreciation on real estate or upgrade expenses. This is already a pretty big scam and windfall for real estate investors.

BUTTTTTT
This is capped at $500k, so you could only deduct $500k of that $1 million/billion or whatever the income is... BUTTTTT in this stimulus bill, republicans quietly slipped a provision in that removes the cap completely!!!!

Meaning now you can deduct any amount that you can come up with (even Billions)!!! So basically you can make millions/billions on non-real estate income and pay no taxes on it, by claiming depreciation and upgrades of your real estate investments!!!!

BUTTTT it gets even worse!!! They also made the removal of the cap retroactive for the past 3 years!!! So that means you can deduct the depreciation etc etc from 2018 and the government will send them a massive refund check!!!!

This is estimated to cost the government $180 Billion!! That $180 billion could go to hard working Americans, but it is going to the ultra wealthy. This is indefensible, but we know that Trumpers will somehow defend it, because they are sheep!! Stop crying about being over taxed, because you gladly support policy that lets the ultra wealthy pay no taxes on their millions/billions...

By "MASSIVE tax give away" you mean.....THEY GET TO KEEP MONEY THEY EARNED???

IT'S NOT YOUR FUCKING MONEY, YOU COCKSUCKING COMMUNIST PIECE OF SHIT!!!

.

AHAHAHA so you think it is fair and smart policy to have millionaires and billionaires pay a much smaller percentage in taxes than the middle class. This excuse is so pathetic and does not age well.

AHAHAHA so you think it is fair and smart policy to have millionaires and billionaires pay a much smaller percentage in taxes than the middle class.

You think millionaires and billionaires pay a much smaller percentage in taxes than the middle class?

Your elevator doesn't go all the way to the top floor, does it?

With this loop hole yes, man you are just stupid...

If they have $1,000,000 in gains and $1,000,000 in depreciation, their income is zero.
How does that make them a millionaire? How much tax should someone pay with $0 income?

Depreciation of real estate seems weird to me. I mean, buildings don’t really depreciate like that. They go up in value.

buildings don’t really depreciate like that.

Three identical buildings, one is ten years old, one is five years old, one is brand new.

Are they identical in value?

I guess you still don't get it, the depreciation is greatly overstated allowing them to get a big tax write off, yet the building itself actually appreciates in value. The difference in value between a 10 yr old building and a 5 yr old building is VERY small, yet the owner collects a large deduction every year... So why the fuck do they get a big write off? Hence the loop hole, all of this is explained in the forbes article...

Council Post: Why Depreciation Is The Biggest Perk Of Real Estate Investing

There's one characteristic of real estate that makes it an asset worth considering over all others.

www.forbes.com

You can purchase real estate to create passive cash flow and simultaneously reduce your taxable income by the depreciation allowance, even though the asset is appreciating in value. Income is then increased actively by appreciation and passively by the decrease in taxable value using the depreciation allowance.

I guess you still don't get it, the depreciation is greatly overstated

Which one is overstated? How many years is allowed? How many years should be allowed?

Explain your "reasoning".

The difference in value between a 10 yr old building and a 5 yr old building is VERY small

How small? Explain your "reasoning".

Income is then increased actively by appreciation

Appreciation isn't income.

 

[colfax_m]

Wealthy real estate developers like Trump score a huge tax break in the stimulus bill

The $2 trillion coronavirus stimulus bill passed by the Senate provides aid for average consumers and small businesses -- but there's also a lucrative tax break for wealthy real estate developers.

edition.cnn.com

Bonanza for Rich Real Estate Investors, Tucked Into Stimulus Package (Published 2020)

A small change to tax policy could hand $170 billion in tax savings to real estate tycoons.

www.nytimes.com.

https://www.congress.gov/116/bills/hr748/BILLS-116hr748eas.pdf

Currently if you own real estate and other businesses, you get to use depreciation AND improvement/upgrade expenses to write off the profits on your other businesses/income. Meaning If I make $1 million or $1 billion trading stocks or any other business, and I own real estate I can make tax deductions on that $1 million/billion profit by claiming depreciation on real estate or upgrade expenses. This is already a pretty big scam and windfall for real estate investors.

BUTTTTTT
This is capped at $500k, so you could only deduct $500k of that $1 million/billion or whatever the income is... BUTTTTT in this stimulus bill, republicans quietly slipped a provision in that removes the cap completely!!!!

Meaning now you can deduct any amount that you can come up with (even Billions)!!! So basically you can make millions/billions on non-real estate income and pay no taxes on it, by claiming depreciation and upgrades of your real estate investments!!!!

BUTTTT it gets even worse!!! They also made the removal of the cap retroactive for the past 3 years!!! So that means you can deduct the depreciation etc etc from 2018 and the government will send them a massive refund check!!!!

This is estimated to cost the government $180 Billion!! That $180 billion could go to hard working Americans, but it is going to the ultra wealthy. This is indefensible, but we know that Trumpers will somehow defend it, because they are sheep!! Stop crying about being over taxed, because you gladly support policy that lets the ultra wealthy pay no taxes on their millions/billions...

By "MASSIVE tax give away" you mean.....THEY GET TO KEEP MONEY THEY EARNED???

IT'S NOT YOUR FUCKING MONEY, YOU COCKSUCKING COMMUNIST PIECE OF SHIT!!!

.

AHAHAHA so you think it is fair and smart policy to have millionaires and billionaires pay a much smaller percentage in taxes than the middle class. This excuse is so pathetic and does not age well.

AHAHAHA so you think it is fair and smart policy to have millionaires and billionaires pay a much smaller percentage in taxes than the middle class.

You think millionaires and billionaires pay a much smaller percentage in taxes than the middle class?

Your elevator doesn't go all the way to the top floor, does it?

With this loop hole yes, man you are just stupid...

If they have $1,000,000 in gains and $1,000,000 in depreciation, their income is zero.
How does that make them a millionaire? How much tax should someone pay with $0 income?

Depreciation of real estate seems weird to me. I mean, buildings don’t really depreciate like that. They go up in value.

Many things seem "weird" to the ignorant and uninformed.
Here's some free enlightenment.

If you have something relevant to say, please do.

 

[Nostra]

 

[Toddsterpatriot]

Wealthy real estate developers like Trump score a huge tax break in the stimulus bill

The $2 trillion coronavirus stimulus bill passed by the Senate provides aid for average consumers and small businesses -- but there's also a lucrative tax break for wealthy real estate developers.

edition.cnn.com

Bonanza for Rich Real Estate Investors, Tucked Into Stimulus Package (Published 2020)

A small change to tax policy could hand $170 billion in tax savings to real estate tycoons.

www.nytimes.com.

https://www.congress.gov/116/bills/hr748/BILLS-116hr748eas.pdf

Currently if you own real estate and other businesses, you get to use depreciation AND improvement/upgrade expenses to write off the profits on your other businesses/income. Meaning If I make $1 million or $1 billion trading stocks or any other business, and I own real estate I can make tax deductions on that $1 million/billion profit by claiming depreciation on real estate or upgrade expenses. This is already a pretty big scam and windfall for real estate investors.

BUTTTTTT
This is capped at $500k, so you could only deduct $500k of that $1 million/billion or whatever the income is... BUTTTTT in this stimulus bill, republicans quietly slipped a provision in that removes the cap completely!!!!

Meaning now you can deduct any amount that you can come up with (even Billions)!!! So basically you can make millions/billions on non-real estate income and pay no taxes on it, by claiming depreciation and upgrades of your real estate investments!!!!

BUTTTT it gets even worse!!! They also made the removal of the cap retroactive for the past 3 years!!! So that means you can deduct the depreciation etc etc from 2018 and the government will send them a massive refund check!!!!

This is estimated to cost the government $180 Billion!! That $180 billion could go to hard working Americans, but it is going to the ultra wealthy. This is indefensible, but we know that Trumpers will somehow defend it, because they are sheep!! Stop crying about being over taxed, because you gladly support policy that lets the ultra wealthy pay no taxes on their millions/billions...

By "MASSIVE tax give away" you mean.....THEY GET TO KEEP MONEY THEY EARNED???

IT'S NOT YOUR FUCKING MONEY, YOU COCKSUCKING COMMUNIST PIECE OF SHIT!!!

.

AHAHAHA so you think it is fair and smart policy to have millionaires and billionaires pay a much smaller percentage in taxes than the middle class. This excuse is so pathetic and does not age well.

AHAHAHA so you think it is fair and smart policy to have millionaires and billionaires pay a much smaller percentage in taxes than the middle class.

You think millionaires and billionaires pay a much smaller percentage in taxes than the middle class?

Your elevator doesn't go all the way to the top floor, does it?

With this loop hole yes, man you are just stupid...

If they have $1,000,000 in gains and $1,000,000 in depreciation, their income is zero.
How does that make them a millionaire? How much tax should someone pay with $0 income?

Depreciation of real estate seems weird to me. I mean, buildings don’t really depreciate like that. They go up in value.

buildings don’t really depreciate like that.

Three identical buildings, one is ten years old, one is five years old, one is brand new.

Are they identical in value?

That depends, doesn’t it. If they’re identical, then why wouldn’t they be?

If they’re identical, then why wouldn’t they be?

One has been used for 10 years, one for 5 years, one not at all.

 

[BrokeLoser]

Wealthy real estate developers like Trump score a huge tax break in the stimulus bill

The $2 trillion coronavirus stimulus bill passed by the Senate provides aid for average consumers and small businesses -- but there's also a lucrative tax break for wealthy real estate developers.

edition.cnn.com

Bonanza for Rich Real Estate Investors, Tucked Into Stimulus Package (Published 2020)

A small change to tax policy could hand $170 billion in tax savings to real estate tycoons.

www.nytimes.com.

https://www.congress.gov/116/bills/hr748/BILLS-116hr748eas.pdf

Currently if you own real estate and other businesses, you get to use depreciation AND improvement/upgrade expenses to write off the profits on your other businesses/income. Meaning If I make $1 million or $1 billion trading stocks or any other business, and I own real estate I can make tax deductions on that $1 million/billion profit by claiming depreciation on real estate or upgrade expenses. This is already a pretty big scam and windfall for real estate investors.

BUTTTTTT
This is capped at $500k, so you could only deduct $500k of that $1 million/billion or whatever the income is... BUTTTTT in this stimulus bill, republicans quietly slipped a provision in that removes the cap completely!!!!

Meaning now you can deduct any amount that you can come up with (even Billions)!!! So basically you can make millions/billions on non-real estate income and pay no taxes on it, by claiming depreciation and upgrades of your real estate investments!!!!

BUTTTT it gets even worse!!! They also made the removal of the cap retroactive for the past 3 years!!! So that means you can deduct the depreciation etc etc from 2018 and the government will send them a massive refund check!!!!

This is estimated to cost the government $180 Billion!! That $180 billion could go to hard working Americans, but it is going to the ultra wealthy. This is indefensible, but we know that Trumpers will somehow defend it, because they are sheep!! Stop crying about being over taxed, because you gladly support policy that lets the ultra wealthy pay no taxes on their millions/billions...

By "MASSIVE tax give away" you mean.....THEY GET TO KEEP MONEY THEY EARNED???

IT'S NOT YOUR FUCKING MONEY, YOU COCKSUCKING COMMUNIST PIECE OF SHIT!!!

.

AHAHAHA so you think it is fair and smart policy to have millionaires and billionaires pay a much smaller percentage in taxes than the middle class. This excuse is so pathetic and does not age well.

AHAHAHA so you think it is fair and smart policy to have millionaires and billionaires pay a much smaller percentage in taxes than the middle class.

You think millionaires and billionaires pay a much smaller percentage in taxes than the middle class?

Your elevator doesn't go all the way to the top floor, does it?

With this loop hole yes, man you are just stupid...

If they have $1,000,000 in gains and $1,000,000 in depreciation, their income is zero.
How does that make them a millionaire? How much tax should someone pay with $0 income?

Depreciation of real estate seems weird to me. I mean, buildings don’t really depreciate like that. They go up in value.

Many things seem "weird" to the ignorant and uninformed.
Here's some free enlightenment.

If you have something relevant to say, please do.

You said properties don't depreciate...I showed you that you are wrong and ignorant on this matter.

 

[colfax_m]

Wealthy real estate developers like Trump score a huge tax break in the stimulus bill

The $2 trillion coronavirus stimulus bill passed by the Senate provides aid for average consumers and small businesses -- but there's also a lucrative tax break for wealthy real estate developers.

edition.cnn.com

Bonanza for Rich Real Estate Investors, Tucked Into Stimulus Package (Published 2020)

A small change to tax policy could hand $170 billion in tax savings to real estate tycoons.

www.nytimes.com.

https://www.congress.gov/116/bills/hr748/BILLS-116hr748eas.pdf

Currently if you own real estate and other businesses, you get to use depreciation AND improvement/upgrade expenses to write off the profits on your other businesses/income. Meaning If I make $1 million or $1 billion trading stocks or any other business, and I own real estate I can make tax deductions on that $1 million/billion profit by claiming depreciation on real estate or upgrade expenses. This is already a pretty big scam and windfall for real estate investors.

BUTTTTTT
This is capped at $500k, so you could only deduct $500k of that $1 million/billion or whatever the income is... BUTTTTT in this stimulus bill, republicans quietly slipped a provision in that removes the cap completely!!!!

Meaning now you can deduct any amount that you can come up with (even Billions)!!! So basically you can make millions/billions on non-real estate income and pay no taxes on it, by claiming depreciation and upgrades of your real estate investments!!!!

BUTTTT it gets even worse!!! They also made the removal of the cap retroactive for the past 3 years!!! So that means you can deduct the depreciation etc etc from 2018 and the government will send them a massive refund check!!!!

This is estimated to cost the government $180 Billion!! That $180 billion could go to hard working Americans, but it is going to the ultra wealthy. This is indefensible, but we know that Trumpers will somehow defend it, because they are sheep!! Stop crying about being over taxed, because you gladly support policy that lets the ultra wealthy pay no taxes on their millions/billions...

By "MASSIVE tax give away" you mean.....THEY GET TO KEEP MONEY THEY EARNED???

IT'S NOT YOUR FUCKING MONEY, YOU COCKSUCKING COMMUNIST PIECE OF SHIT!!!

.

AHAHAHA so you think it is fair and smart policy to have millionaires and billionaires pay a much smaller percentage in taxes than the middle class. This excuse is so pathetic and does not age well.

AHAHAHA so you think it is fair and smart policy to have millionaires and billionaires pay a much smaller percentage in taxes than the middle class.

You think millionaires and billionaires pay a much smaller percentage in taxes than the middle class?

Your elevator doesn't go all the way to the top floor, does it?

With this loop hole yes, man you are just stupid...

If they have $1,000,000 in gains and $1,000,000 in depreciation, their income is zero.
How does that make them a millionaire? How much tax should someone pay with $0 income?

Depreciation of real estate seems weird to me. I mean, buildings don’t really depreciate like that. They go up in value.

buildings don’t really depreciate like that.

Three identical buildings, one is ten years old, one is five years old, one is brand new.

Are they identical in value?

That depends, doesn’t it. If they’re identical, then why wouldn’t they be?

If they’re identical, then why wouldn’t they be?

One has been used for 10 years, one for 5 years, one not at all.

Does the fact that a building has been used for 10 years mean it is automatically worth substantially less?

 

[colfax_m]

Wealthy real estate developers like Trump score a huge tax break in the stimulus bill

The $2 trillion coronavirus stimulus bill passed by the Senate provides aid for average consumers and small businesses -- but there's also a lucrative tax break for wealthy real estate developers.

edition.cnn.com

Bonanza for Rich Real Estate Investors, Tucked Into Stimulus Package (Published 2020)

A small change to tax policy could hand $170 billion in tax savings to real estate tycoons.

www.nytimes.com.

https://www.congress.gov/116/bills/hr748/BILLS-116hr748eas.pdf

Currently if you own real estate and other businesses, you get to use depreciation AND improvement/upgrade expenses to write off the profits on your other businesses/income. Meaning If I make $1 million or $1 billion trading stocks or any other business, and I own real estate I can make tax deductions on that $1 million/billion profit by claiming depreciation on real estate or upgrade expenses. This is already a pretty big scam and windfall for real estate investors.

BUTTTTTT
This is capped at $500k, so you could only deduct $500k of that $1 million/billion or whatever the income is... BUTTTTT in this stimulus bill, republicans quietly slipped a provision in that removes the cap completely!!!!

Meaning now you can deduct any amount that you can come up with (even Billions)!!! So basically you can make millions/billions on non-real estate income and pay no taxes on it, by claiming depreciation and upgrades of your real estate investments!!!!

BUTTTT it gets even worse!!! They also made the removal of the cap retroactive for the past 3 years!!! So that means you can deduct the depreciation etc etc from 2018 and the government will send them a massive refund check!!!!

This is estimated to cost the government $180 Billion!! That $180 billion could go to hard working Americans, but it is going to the ultra wealthy. This is indefensible, but we know that Trumpers will somehow defend it, because they are sheep!! Stop crying about being over taxed, because you gladly support policy that lets the ultra wealthy pay no taxes on their millions/billions...

By "MASSIVE tax give away" you mean.....THEY GET TO KEEP MONEY THEY EARNED???

IT'S NOT YOUR FUCKING MONEY, YOU COCKSUCKING COMMUNIST PIECE OF SHIT!!!

.

AHAHAHA so you think it is fair and smart policy to have millionaires and billionaires pay a much smaller percentage in taxes than the middle class. This excuse is so pathetic and does not age well.

AHAHAHA so you think it is fair and smart policy to have millionaires and billionaires pay a much smaller percentage in taxes than the middle class.

You think millionaires and billionaires pay a much smaller percentage in taxes than the middle class?

Your elevator doesn't go all the way to the top floor, does it?

With this loop hole yes, man you are just stupid...

If they have $1,000,000 in gains and $1,000,000 in depreciation, their income is zero.
How does that make them a millionaire? How much tax should someone pay with $0 income?

Depreciation of real estate seems weird to me. I mean, buildings don’t really depreciate like that. They go up in value.

Many things seem "weird" to the ignorant and uninformed.
Here's some free enlightenment.

If you have something relevant to say, please do.

You said property values don't depreciate...I showed you that you are wrong and ignorant on this matter.

You don’t seem to have a grasp on the topic. Thanks for chiming in anyway.

 

[Toddsterpatriot]

Wealthy real estate developers like Trump score a huge tax break in the stimulus bill

The $2 trillion coronavirus stimulus bill passed by the Senate provides aid for average consumers and small businesses -- but there's also a lucrative tax break for wealthy real estate developers.

edition.cnn.com

Bonanza for Rich Real Estate Investors, Tucked Into Stimulus Package (Published 2020)

A small change to tax policy could hand $170 billion in tax savings to real estate tycoons.

www.nytimes.com.

https://www.congress.gov/116/bills/hr748/BILLS-116hr748eas.pdf

Currently if you own real estate and other businesses, you get to use depreciation AND improvement/upgrade expenses to write off the profits on your other businesses/income. Meaning If I make $1 million or $1 billion trading stocks or any other business, and I own real estate I can make tax deductions on that $1 million/billion profit by claiming depreciation on real estate or upgrade expenses. This is already a pretty big scam and windfall for real estate investors.

BUTTTTTT
This is capped at $500k, so you could only deduct $500k of that $1 million/billion or whatever the income is... BUTTTTT in this stimulus bill, republicans quietly slipped a provision in that removes the cap completely!!!!

Meaning now you can deduct any amount that you can come up with (even Billions)!!! So basically you can make millions/billions on non-real estate income and pay no taxes on it, by claiming depreciation and upgrades of your real estate investments!!!!

BUTTTT it gets even worse!!! They also made the removal of the cap retroactive for the past 3 years!!! So that means you can deduct the depreciation etc etc from 2018 and the government will send them a massive refund check!!!!

This is estimated to cost the government $180 Billion!! That $180 billion could go to hard working Americans, but it is going to the ultra wealthy. This is indefensible, but we know that Trumpers will somehow defend it, because they are sheep!! Stop crying about being over taxed, because you gladly support policy that lets the ultra wealthy pay no taxes on their millions/billions...

By "MASSIVE tax give away" you mean.....THEY GET TO KEEP MONEY THEY EARNED???

IT'S NOT YOUR FUCKING MONEY, YOU COCKSUCKING COMMUNIST PIECE OF SHIT!!!

.

AHAHAHA so you think it is fair and smart policy to have millionaires and billionaires pay a much smaller percentage in taxes than the middle class. This excuse is so pathetic and does not age well.

AHAHAHA so you think it is fair and smart policy to have millionaires and billionaires pay a much smaller percentage in taxes than the middle class.

You think millionaires and billionaires pay a much smaller percentage in taxes than the middle class?

Your elevator doesn't go all the way to the top floor, does it?

With this loop hole yes, man you are just stupid...

If they have $1,000,000 in gains and $1,000,000 in depreciation, their income is zero.
How does that make them a millionaire? How much tax should someone pay with $0 income?

Depreciation of real estate seems weird to me. I mean, buildings don’t really depreciate like that. They go up in value.

buildings don’t really depreciate like that.

Three identical buildings, one is ten years old, one is five years old, one is brand new.

Are they identical in value?

That depends, doesn’t it. If they’re identical, then why wouldn’t they be?

If they’re identical, then why wouldn’t they be?

One has been used for 10 years, one for 5 years, one not at all.

Does the fact that a building has been used for 10 years mean it is automatically worth substantially less?

What would you rather own, a 10 year old building or a new building?

 

[The Banker]

Still waiting for Meister to tell us who Banker's "masters" are who have him down on his knees.
I know the Republicans who support Trump aren't down on their knees.
They are up in Trump's colon.

.

The 3 amigos of stupidity Meister, Toddster, and Nostra. These people are literally too stupid for words.

Nostra doesn't even understand that Buffet pays a lower tax percentage than his secretary, this is public info, he's released it...

Buffet pays a lower tax percentage than his secretary, this is public info, he's released it...

Cool story, bro.
How much does his secretary earn? What are her capital gains?
How much does he earn? What are his capital gains?

Nice diversion dumb ass, and a pointless one. You were too stupid to understand what the real estate depreciation is, and you have been schooled yet again... son

I have told you this repeatedly, anytime you want to go up against me you better know what the fuck you are talking about or you are going to get schooled...

You were too stupid to understand what the real estate depreciation is,

View attachment 316799

This sounds like an ok explanation. Is it wrong?

and you have been schooled yet again... son

Is that when you call it when I laugh at your stupidity?

OK so then using that explanation can you then comprehend that somebody can earn millions in profits from trading stocks or another business yet pay no taxes on those millions, AND still have the real-estate that they own appreciate in value and earn passive rental income, all at the same time using the depreciation loophole to pay no taxes for the year...

Or are you still too stupid to comprehend this??? Because look what you posted it says it in the second paragraph, which is why it is a loop hole.

WHAT YOU DIDN"T COMPREHEND BEFORE: You can claim on your taxes that the real-estate is depreciating, the law allows this, but really it is appreciating, that is why it is a loop hole... Dumbass...

And can you finally admit that Buffet pays a lower total tax rate than his secretary, something that is preposterous... A billionaire pays a lower tax rate than their secretary...

Wow that was enough schooling for one day... Again, next time you go up against me you better have some form of a clue what you are talking about or you will look stupid yet again...

OK so then using that explanation can you then comprehend that somebody can earn millions in profits from trading stocks or another business yet pay no taxes on those millions,

Abso-fuckin-lutely. $1,000,000 in profits minus $1,000,000 in depreciation equals zero.

AND still have the real-estate that they own appreciate in value

Wait.....are you saying that an unrealized capital gain is untaxed? Well.......DUH!

You can claim on your taxes that the real-estate is depreciating

Why don't you explain what depreciation means?

And then you understand that by using the loop hole they can legally claim depreciation on their taxes, when in fact the asset is appreciating, as explained in the forbes article, Hence making it a loop hole that allows them to pay no taxes, yet take no losses (actually they make gains)... which doesn't really make sense... because you didn't seem to understand this fact 15 minutes ago

Council Post: Why Depreciation Is The Biggest Perk Of Real Estate Investing

There's one characteristic of real estate that makes it an asset worth considering over all others.

www.forbes.com

The value of a real estate investment such as an apartment complex, for example, can appreciate in value over time, thus creating more equity for the owner, while the value of the building depreciates, thus reducing its tax basis.
Making it an appreciable asset that is allowed a depreciation for tax purposes

And then you understand that by using the loop hole they can legally claim depreciation on their taxes,

I understand that depreciation is a valid expense.
I understand that nothing has an infinite useful life, not even an apartment complex.

Do you understand?

You never explained what happens to the depreciation when you sell.

So then you understand that the depreciation, which generally is 3.66% per year tax write off, is greatly overstated as the actual depreciation is minimal and generally real-estate assets appreciate in value... Allowing them to take a huge tax deduction that is much larger than any actuall depreciation, hence the loophole/scam..

You do realize that generally speaking real-estate appreciates every year, not depreciates...

I can buy a building valued at $1 million dollars, and only put up 200k, then I can claim a tax write off of ~$36k per year, then I can making a lot of money on the rents, then I can sell the building typically for much more than I paid...

Why the fuck to I get such a large depreciation deduction... hence the loophole/scam...

This is not a complicated concept, why are you having such trouble understanding it???????????????????

 

[colfax_m]

Wealthy real estate developers like Trump score a huge tax break in the stimulus bill

The $2 trillion coronavirus stimulus bill passed by the Senate provides aid for average consumers and small businesses -- but there's also a lucrative tax break for wealthy real estate developers.

edition.cnn.com

Bonanza for Rich Real Estate Investors, Tucked Into Stimulus Package (Published 2020)

A small change to tax policy could hand $170 billion in tax savings to real estate tycoons.

www.nytimes.com.

https://www.congress.gov/116/bills/hr748/BILLS-116hr748eas.pdf

Currently if you own real estate and other businesses, you get to use depreciation AND improvement/upgrade expenses to write off the profits on your other businesses/income. Meaning If I make $1 million or $1 billion trading stocks or any other business, and I own real estate I can make tax deductions on that $1 million/billion profit by claiming depreciation on real estate or upgrade expenses. This is already a pretty big scam and windfall for real estate investors.

BUTTTTTT
This is capped at $500k, so you could only deduct $500k of that $1 million/billion or whatever the income is... BUTTTTT in this stimulus bill, republicans quietly slipped a provision in that removes the cap completely!!!!

Meaning now you can deduct any amount that you can come up with (even Billions)!!! So basically you can make millions/billions on non-real estate income and pay no taxes on it, by claiming depreciation and upgrades of your real estate investments!!!!

BUTTTT it gets even worse!!! They also made the removal of the cap retroactive for the past 3 years!!! So that means you can deduct the depreciation etc etc from 2018 and the government will send them a massive refund check!!!!

This is estimated to cost the government $180 Billion!! That $180 billion could go to hard working Americans, but it is going to the ultra wealthy. This is indefensible, but we know that Trumpers will somehow defend it, because they are sheep!! Stop crying about being over taxed, because you gladly support policy that lets the ultra wealthy pay no taxes on their millions/billions...

By "MASSIVE tax give away" you mean.....THEY GET TO KEEP MONEY THEY EARNED???

IT'S NOT YOUR FUCKING MONEY, YOU COCKSUCKING COMMUNIST PIECE OF SHIT!!!

.

AHAHAHA so you think it is fair and smart policy to have millionaires and billionaires pay a much smaller percentage in taxes than the middle class. This excuse is so pathetic and does not age well.

AHAHAHA so you think it is fair and smart policy to have millionaires and billionaires pay a much smaller percentage in taxes than the middle class.

You think millionaires and billionaires pay a much smaller percentage in taxes than the middle class?

Your elevator doesn't go all the way to the top floor, does it?

With this loop hole yes, man you are just stupid...

If they have $1,000,000 in gains and $1,000,000 in depreciation, their income is zero.
How does that make them a millionaire? How much tax should someone pay with $0 income?

Depreciation of real estate seems weird to me. I mean, buildings don’t really depreciate like that. They go up in value.

buildings don’t really depreciate like that.

Three identical buildings, one is ten years old, one is five years old, one is brand new.

Are they identical in value?

That depends, doesn’t it. If they’re identical, then why wouldn’t they be?

If they’re identical, then why wouldn’t they be?

One has been used for 10 years, one for 5 years, one not at all.

Does the fact that a building has been used for 10 years mean it is automatically worth substantially less?

What would you rather own, a 10 year old building or a new building?

You’re making a comparison between two different buildings. That’s not an appropriate comparison since we are talking about the value of one building as it changes over time.

Depreciation reflects the decline in value of something over time.

But buildings don’t always decline in value over time, do they.

 

[AzogtheDefiler]

first off, that is an unsigned bill
secondly, you are making claims based on sources proven to lie.
got anything else before i take away your free speech and put you on ignore?

Trump signed it. You are a sheep. Now go watch more lies on Fox news. Put me on ignore and continue being an uniformed sheep... you should be embarrassed over your stupidity...

got a link to the actual bill ?
the two links in the op are not trustworthy

gimme a fuckin break, what a sad pathetic excuse... This happened. you are such a sheep.

https://www.congress.gov/116/bills/hr748/BILLS-116hr748eas.pdf

go ahead, read an 800+ page bill now... pathetic...

Post the part of the bill that confirms your claims...

You sad pathetic sheep. Clinging to the most pathetic excuse... The fake news excuse is soooo old. Go ahead read the bill...

https://www.congress.gov/116/bills/hr748/BILLS-116hr748eas.pdf

It starts on page 196.

So now what do you have to say now jerk off. You are an embarrassment to hard working Americans, and a total partisan sheep...

Is it not a bipartisan bill?

 

[The Banker]

Wealthy real estate developers like Trump score a huge tax break in the stimulus bill

The $2 trillion coronavirus stimulus bill passed by the Senate provides aid for average consumers and small businesses -- but there's also a lucrative tax break for wealthy real estate developers.

edition.cnn.com

Bonanza for Rich Real Estate Investors, Tucked Into Stimulus Package (Published 2020)

A small change to tax policy could hand $170 billion in tax savings to real estate tycoons.

www.nytimes.com.

https://www.congress.gov/116/bills/hr748/BILLS-116hr748eas.pdf

Currently if you own real estate and other businesses, you get to use depreciation AND improvement/upgrade expenses to write off the profits on your other businesses/income. Meaning If I make $1 million or $1 billion trading stocks or any other business, and I own real estate I can make tax deductions on that $1 million/billion profit by claiming depreciation on real estate or upgrade expenses. This is already a pretty big scam and windfall for real estate investors.

BUTTTTTT
This is capped at $500k, so you could only deduct $500k of that $1 million/billion or whatever the income is... BUTTTTT in this stimulus bill, republicans quietly slipped a provision in that removes the cap completely!!!!

Meaning now you can deduct any amount that you can come up with (even Billions)!!! So basically you can make millions/billions on non-real estate income and pay no taxes on it, by claiming depreciation and upgrades of your real estate investments!!!!

BUTTTT it gets even worse!!! They also made the removal of the cap retroactive for the past 3 years!!! So that means you can deduct the depreciation etc etc from 2018 and the government will send them a massive refund check!!!!

This is estimated to cost the government $180 Billion!! That $180 billion could go to hard working Americans, but it is going to the ultra wealthy. This is indefensible, but we know that Trumpers will somehow defend it, because they are sheep!! Stop crying about being over taxed, because you gladly support policy that lets the ultra wealthy pay no taxes on their millions/billions...

By "MASSIVE tax give away" you mean.....THEY GET TO KEEP MONEY THEY EARNED???

IT'S NOT YOUR FUCKING MONEY, YOU COCKSUCKING COMMUNIST PIECE OF SHIT!!!

.

AHAHAHA so you think it is fair and smart policy to have millionaires and billionaires pay a much smaller percentage in taxes than the middle class. This excuse is so pathetic and does not age well.

AHAHAHA so you think it is fair and smart policy to have millionaires and billionaires pay a much smaller percentage in taxes than the middle class.

You think millionaires and billionaires pay a much smaller percentage in taxes than the middle class?

Your elevator doesn't go all the way to the top floor, does it?

With this loop hole yes, man you are just stupid...

If they have $1,000,000 in gains and $1,000,000 in depreciation, their income is zero.
How does that make them a millionaire? How much tax should someone pay with $0 income?

Depreciation of real estate seems weird to me. I mean, buildings don’t really depreciate like that. They go up in value.

Many things seem "weird" to the ignorant and uninformed.
Here's some free enlightenment.

If you have something relevant to say, please do.

You said property values don't depreciate...I showed you that you are wrong and ignorant on this matter.

You don’t seem to have a grasp on the topic. Thanks for chiming in anyway.

What's so funny is that these people have no business concept what so ever, and the whole basis for their argument is just a partisan one. toddster doesn't want to admit that real estate depreciation is overstated and a loop hole. And they losers wonder why they have amounted to nothing in life

 

[LordBrownTrout]

Wealthy real estate developers like Trump score a huge tax break in the stimulus bill

The $2 trillion coronavirus stimulus bill passed by the Senate provides aid for average consumers and small businesses -- but there's also a lucrative tax break for wealthy real estate developers.

edition.cnn.com

Bonanza for Rich Real Estate Investors, Tucked Into Stimulus Package (Published 2020)

A small change to tax policy could hand $170 billion in tax savings to real estate tycoons.

www.nytimes.com.

https://www.congress.gov/116/bills/hr748/BILLS-116hr748eas.pdf

Currently if you own real estate and other businesses, you get to use depreciation AND improvement/upgrade expenses to write off the profits on your other businesses/income. Meaning If I make $1 million or $1 billion trading stocks or any other business, and I own real estate I can make tax deductions on that $1 million/billion profit by claiming depreciation on real estate or upgrade expenses. This is already a pretty big scam and windfall for real estate investors.

BUTTTTTT
This is capped at $500k, so you could only deduct $500k of that $1 million/billion or whatever the income is... BUTTTTT in this stimulus bill, republicans quietly slipped a provision in that removes the cap completely!!!!

Meaning now you can deduct any amount that you can come up with (even Billions)!!! So basically you can make millions/billions on non-real estate income and pay no taxes on it, by claiming depreciation and upgrades of your real estate investments!!!!

BUTTTT it gets even worse!!! They also made the removal of the cap retroactive for the past 3 years!!! So that means you can deduct the depreciation etc etc from 2018 and the government will send them a massive refund check!!!!

This is estimated to cost the government $180 Billion!! That $180 billion could go to hard working Americans, but it is going to the ultra wealthy. This is indefensible, but we know that Trumpers will somehow defend it, because they are sheep!! Stop crying about being over taxed, because you gladly support policy that lets the ultra wealthy pay no taxes on their millions/billions...

By "MASSIVE tax give away" you mean.....THEY GET TO KEEP MONEY THEY EARNED???

IT'S NOT YOUR FUCKING MONEY, YOU COCKSUCKING COMMUNIST PIECE OF SHIT!!!

.

AHAHAHA so you think it is fair and smart policy to have millionaires and billionaires pay a much smaller percentage in taxes than the middle class. This excuse is so pathetic and does not age well.

AHAHAHA so you think it is fair and smart policy to have millionaires and billionaires pay a much smaller percentage in taxes than the middle class.

You think millionaires and billionaires pay a much smaller percentage in taxes than the middle class?

Your elevator doesn't go all the way to the top floor, does it?

With this loop hole yes, man you are just stupid...

If they have $1,000,000 in gains and $1,000,000 in depreciation, their income is zero.
How does that make them a millionaire? How much tax should someone pay with $0 income?

Depreciation of real estate seems weird to me. I mean, buildings don’t really depreciate like that. They go up in value.

Many things seem "weird" to the ignorant and uninformed.
Here's some free enlightenment.

If you have something relevant to say, please do.

You said property values don't depreciate...I showed you that you are wrong and ignorant on this matter.

You don’t seem to have a grasp on the topic. Thanks for chiming in anyway.

Property depreciates or appreciates. There is no issue to grasp.

 

[The Banker]

first off, that is an unsigned bill
secondly, you are making claims based on sources proven to lie.
got anything else before i take away your free speech and put you on ignore?

Trump signed it. You are a sheep. Now go watch more lies on Fox news. Put me on ignore and continue being an uniformed sheep... you should be embarrassed over your stupidity...

got a link to the actual bill ?
the two links in the op are not trustworthy

gimme a fuckin break, what a sad pathetic excuse... This happened. you are such a sheep.

https://www.congress.gov/116/bills/hr748/BILLS-116hr748eas.pdf

go ahead, read an 800+ page bill now... pathetic...

Post the part of the bill that confirms your claims...

You sad pathetic sheep. Clinging to the most pathetic excuse... The fake news excuse is soooo old. Go ahead read the bill...

https://www.congress.gov/116/bills/hr748/BILLS-116hr748eas.pdf

It starts on page 196.

So now what do you have to say now jerk off. You are an embarrassment to hard working Americans, and a total partisan sheep...

Is it not a bipartisan bill?

1) the GOP put this loop hole in the bill. 2) if the democrats would have delayed the bill demanding this insane loophole benefit to the ultra wealthy be removed you wouldn't criticize them for that???

 

[colfax_m]

Wealthy real estate developers like Trump score a huge tax break in the stimulus bill

The $2 trillion coronavirus stimulus bill passed by the Senate provides aid for average consumers and small businesses -- but there's also a lucrative tax break for wealthy real estate developers.

edition.cnn.com

Bonanza for Rich Real Estate Investors, Tucked Into Stimulus Package (Published 2020)

A small change to tax policy could hand $170 billion in tax savings to real estate tycoons.

www.nytimes.com.

https://www.congress.gov/116/bills/hr748/BILLS-116hr748eas.pdf

Currently if you own real estate and other businesses, you get to use depreciation AND improvement/upgrade expenses to write off the profits on your other businesses/income. Meaning If I make $1 million or $1 billion trading stocks or any other business, and I own real estate I can make tax deductions on that $1 million/billion profit by claiming depreciation on real estate or upgrade expenses. This is already a pretty big scam and windfall for real estate investors.

BUTTTTTT
This is capped at $500k, so you could only deduct $500k of that $1 million/billion or whatever the income is... BUTTTTT in this stimulus bill, republicans quietly slipped a provision in that removes the cap completely!!!!

Meaning now you can deduct any amount that you can come up with (even Billions)!!! So basically you can make millions/billions on non-real estate income and pay no taxes on it, by claiming depreciation and upgrades of your real estate investments!!!!

BUTTTT it gets even worse!!! They also made the removal of the cap retroactive for the past 3 years!!! So that means you can deduct the depreciation etc etc from 2018 and the government will send them a massive refund check!!!!

This is estimated to cost the government $180 Billion!! That $180 billion could go to hard working Americans, but it is going to the ultra wealthy. This is indefensible, but we know that Trumpers will somehow defend it, because they are sheep!! Stop crying about being over taxed, because you gladly support policy that lets the ultra wealthy pay no taxes on their millions/billions...

By "MASSIVE tax give away" you mean.....THEY GET TO KEEP MONEY THEY EARNED???

IT'S NOT YOUR FUCKING MONEY, YOU COCKSUCKING COMMUNIST PIECE OF SHIT!!!

.

AHAHAHA so you think it is fair and smart policy to have millionaires and billionaires pay a much smaller percentage in taxes than the middle class. This excuse is so pathetic and does not age well.

AHAHAHA so you think it is fair and smart policy to have millionaires and billionaires pay a much smaller percentage in taxes than the middle class.

You think millionaires and billionaires pay a much smaller percentage in taxes than the middle class?

Your elevator doesn't go all the way to the top floor, does it?

With this loop hole yes, man you are just stupid...

If they have $1,000,000 in gains and $1,000,000 in depreciation, their income is zero.
How does that make them a millionaire? How much tax should someone pay with $0 income?

Depreciation of real estate seems weird to me. I mean, buildings don’t really depreciate like that. They go up in value.

Many things seem "weird" to the ignorant and uninformed.
Here's some free enlightenment.

If you have something relevant to say, please do.

You said property values don't depreciate...I showed you that you are wrong and ignorant on this matter.

You don’t seem to have a grasp on the topic. Thanks for chiming in anyway.

Property depreciates or appreciates. There is no issue to grasp.

I don’t think you’re grasping the issue here.

 

[AzogtheDefiler]

first off, that is an unsigned bill
secondly, you are making claims based on sources proven to lie.
got anything else before i take away your free speech and put you on ignore?

Trump signed it. You are a sheep. Now go watch more lies on Fox news. Put me on ignore and continue being an uniformed sheep... you should be embarrassed over your stupidity...

got a link to the actual bill ?
the two links in the op are not trustworthy

gimme a fuckin break, what a sad pathetic excuse... This happened. you are such a sheep.

https://www.congress.gov/116/bills/hr748/BILLS-116hr748eas.pdf

go ahead, read an 800+ page bill now... pathetic...

Post the part of the bill that confirms your claims...

You sad pathetic sheep. Clinging to the most pathetic excuse... The fake news excuse is soooo old. Go ahead read the bill...

https://www.congress.gov/116/bills/hr748/BILLS-116hr748eas.pdf

It starts on page 196.

So now what do you have to say now jerk off. You are an embarrassment to hard working Americans, and a total partisan sheep...

Is it not a bipartisan bill?

1) the GOP put this loop hole in the bill. 2) if the democrats would have delayed the bill demanding this insane loophole benefit to the ultra wealthy be removed you wouldn't criticize them for that???

You didn’t answer the question. Also aren’t there monies given the the arts and such in the bill? Many bills have pork in them. What Democrats publicly decried this? Please source. What bank did you work for?