5 ms·
I buy one house, my wife buys one house, we set up one trust each for two of our kids to own one house, we get four houses tax free
by jb12 4y ago
I buy one house, my wife buys one house, we set up one trust each for two of our kids to own one house, we get four houses tax free
- lalos 4y agoYeah, now your wife and each kid will fill taxes by themselves and you crack down on that there - you give the free tax benefit as a deduction on your income tax so if your 3 year old doesn't have income there's no benefit. The trust itself can fill taxes, you allow the tax-free benefit to apply to only single individual tax form and force a trust to pay tax.
- cced 4y agoI think OP's point is the introduction of limits to the benefit of owning multiple properties. Hard to see OP replying with "Oh gosh, darn it you got me again" as a response to your comment and much more likely to further develop policy that would stay true to the idea that being able to afford more means you should pull more weight.
- ImHereToVote 4y agoIf you register that you live in those different houses but live in the same house. Straight to jail.
- triceratops 4y agoGood thing legislators will never think of that if they ever make a law, in good faith, to tax multiple property ownership. /s
- mulmen 4y agoJust give the tax break on your primary residence. If you don't live there 51% of the year you pay oppressive property tax. Give property tax breaks to landlords that provide affordable housing up to the needs of the area.
- mordae 4y agoWho cares? The problem is with people or companies that own 3+ houses and a whole high-rise building.