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Real estate taxes are a necessary expense to earn income in the first place, and therefore make sense as a deduction. It's the multitude of exceptions that pre
by mindslight 4y ago
Real estate taxes are a necessary expense to earn income in the first place, and therefore make sense as a deduction.
It's the multitude of exceptions that prevent individuals from deducting necessary and customary expenses required to earn their income that are the problem. Glaringly - a W2 employee needs a car to get to work? Or more recently, a W2 employee needs a home office to work remotely? The tax code says fuck em, they can pay for those twice!
The disparity is why the plebs get all uppity when some ragebait article highlights some seemingly-ridiculous expense that businesses write off. When the right answer is to make it so that individuals can deduct expenses the same way businesses do.