The Hardest Part

Part 15 of... "6 Tax Breaks Landlords Get that Hurt the Economy and You"

The hardest part is the transition to less distorting tax policies.

Many landlord owners will, no doubt, scream that removing their tax breaks is unfair and the end of the world as we know it.

Landlord owners have made a fortune off the appreciation of their rental houses over the last 12 months and that might make some landlords more, rather than less, indignant about the thought of changing the rules of their game. They’ll no doubt say that landlord tax breaks really help other people more than landlords.

Landlords did nothing wrong. They just followed the rules of the game. It’s the rules of the game that are wrong and need to change. 

The purpose of getting rid of landlord tax breaks is to increase home ownership, increase economic growth, reduce economic inequality, and help stabilize and increase family wealth creation.

The transition is the hardest part. After that, the benefits will flow continuously.

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