How the Real Estate Lobby -- and Trump -- Got a Huge Tax BreakQuicklink submitted By Scott Baker Permalink
Become a Fan
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.