Houses for Homes, Not Tax Shelters

Part 11 of... "6 Tax Breaks Landlords Get that Hurt the Economy and You"

Why are we making houses a tax shelter where a large part of the value of owning houses for some owners is the value of the tax breaks they get instead of the value of houses as homes for families.

When the government essentially pays landlords to own single-family houses, landlords will naturally own more single-family houses. It distorts the market and hurts live-in owners and the economy.

The government is essentially paying to make some people renters instead of homeowners.

Removing all the landlord tax breaks on single-family houses and condos would level the playing field for live-in owners.

Don’t worry, in this scenario, landlord owners would still be able to take full advantage of all the tax breaks live-in owners get – but only on the houses the landlords actually live in – not every house they own.

Landlord owners would get the exact same tax breaks as live-in owners but not more.

That’s fair.

Next

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All

Part 1 – 6 Tax Breaks Landlords Get that Hurt the Economy and You

Part 2 – Depreciation Tax Deduction – (Tax Deferral)

Part 3 – 1031 Exchange – (Tax Deferral)

Part 4 – Mortgage Interest Tax Deduction – (Tax Reduction)

Part 5 – Tax-Free Landlord Profit – (Tax Deferral)

Part 6 – Taxes on Capital Gains are a Lot Lower Than Taxes on Ordinary Income – (Tax Reduction)

Part 7 – Stepped-Up Tax Basis – (Tax Reduction)

Part 8 – 6 Distortions of the Housing Market

Part 9 – 2 Sets of Rules for Single-Family Houses

Part 10 – Fixed Supply of Single-Family Houses

Part 11 - Houses for Homes, Not Tax Shelters

Part 12 - Solutions

Part 13 - Permanently Increase Economic Growth

Part 14 - Life is Crazy Enough

Part 15 - The Hardest Part

Part 16 - Distorted Back to Reality

Part 17 - Stop Distorting the Housing Market

Part 18 - Conclusion