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re: Cousin just asked me for money: he’s a high income earner and parents are wealthy
Posted on 8/18/23 at 7:55 am to CaptainBrannigan
Posted on 8/18/23 at 7:55 am to CaptainBrannigan
quote:
But it does not really matter. Thanks to Trump's shitty 2017 tax bill investment companies buying all single family homes are here to stay. It's amazing how that piece of legislation fricked over working people.
I'm sure all the other massive spending bills have had nothing to do with it.
1
Posted on 8/18/23 at 10:19 am to Jcorye1
quote:
I'm sure all the other massive spending bills have had nothing to do with it.
It was not. But thanks for proving you fools have no idea about the policies you support.
LINK
quote:
However, one beneficiary of the reduced corporate rate is the real estate investment trust (REIT). REITs are vehicles that investors use in the real estate industry. The new rate will benefit REITs that distribute 90 percent of their taxable income annually or have taxable REIT subsidiaries. REITs should consider distributing only 90 percent of taxable income to retain more cash for operations and development. Then the remaining 10 percent of taxable income will be taxable to the REIT but at a lower rate
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