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General News    H3'ed 10/9/16

How the Real Estate Lobby -- and Trump -- Got a Huge Tax Break

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No industry is treated more favorably by the federal tax code than real estate. Developers can write off the depreciation of their buildings on very favorable schedules, even while their properties are increasing in value.

One of the major benefiters of this policy and one of its major proponents in the early 1990s, was Donald Trump. It's still how he makes most of his money.

Read the rest of the story HERE:

At prospect.org

 

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Scott Baker Social Media Pages: Facebook Page       Twitter Page       Linked In Page       Instagram Page

Scott Baker is a Managing Editor & The Economics Editor at Opednews, and a blogger for Huffington Post, Daily Kos, and Global Economic Intersection.

His anthology of updated Opednews articles "America is Not Broke" was published by Tayen Lane Publishing (March, 2015) and may be found here:
http://www.americaisnotbroke.net/

Scott is a former President of Common Ground-NYC (http://commongroundnyc.org/), a Geoist/Georgist activist group. He has written dozens of articles for (more...)
 

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