My latest (and very well trafficked) article for BiggerPockets picks apart Bernie Sanders' hair brained idea to tax the profits of home flippers by 25 percent (in addition the income tax they will already be paying). It's nuts, and I go into detail as to why it's nuts in the piece, concluding that, Taxing home flippers 25 percent before they even pay a penny of income or capital gains taxes doesn’t make any economic sense. It’s unfair, removes many sellers’ options, will hurt many small businesses and likely lead to layoffs, will increase urban blight, and will decrease the availability of housing, leading to higher prices and rents. Check it out and do what you can to make sure this stupid law never gets put into effect.
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Andrew Syrios"Every day is a new life to the wise man." Archives
August 2018
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