While it’s too soon to know the details of changes being proposed to U.S. Federal tax law, it appears that the corporate/business tax rate could be lowered from 35% to 15% (news reports as of April 26th). Federal tax rates and brackets for individuals could be simplified down to three versus the current seven, with the largest savings benefitting those who earn the highest incomes.
How might this affect real estate? What do YOU think?
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