Which the MSM will NEVER release....
Typical commie.
Why don’t they ever preach what they practice?
What??? You mean the Commie who’s always crying about unfairness isn’t sharing the wealth with the Poor? What a loud-mouthed hypocrite.
He's actually doing a stupid thing...his effective tax rate is 8.3%..means that at the lowest federal bracket, the $21k depreciation saves him about $3k in taxes...
However, now, because it's in service..when they sell it..it's not capital gains..it's ordinary income..one big chunk of it...
Not good..
How does a home in the affluent neighborhood of Park Slope depreciate by $21K in one year?
“Mr. de Blasio’s effective tax rate was 8.3%.”
In Commie Land, some are more “equal” than others, even if they are “1 percenters.”
If he did it legally, I’m all for it. I only want it for myself too and all others.
Nah. They're taking advantage of people's ignorance about the difference between wealth and income.
We tax income from labor in this country. We don't tax wealth to the same extent.
When Dem's cry "tax the rich", they actually mean "tax well-paid labor" -- that usually means well-paid skilled labor, sole proprietors, and small service-oriented small businesses.
And the stupid public fall for it every time.
If Republicans and conservatives were smart, they'd give Democrats what they want and actually tax wealth. That would kill the Democratic party.
Let you or I claim “home depreciation” or a home loss and we’d be in jail. 8.3% these $cu#B@gs know all the angles and yet push the envelope that the rest of us slobs pay and pay.
4300/mo rental on a home?
Major gouging by a money grubbing landlord. Why doesn’t he let the people live there rent free?
He wants the rest of us to pay his voters rent. Wy not him?