Here is what you think will happen with this tax: The tax will discourage flippers from buying up homes then flipping them for much higher prices, thus lowering overall home prices.
Here is what will happen: Flippers will take this 25% Gains tax into account when pricing their flips, and housing prices will raise even higher as a result.
Crack an Economics book once in a while, OK?
Yep. just another item to add to the flippers “model.”
Democrats don’t get that everything is modeled. They don’t even get that corporations pay no taxes. They merely collect taxes and pass them through. And taxes is an item in their pricing model. Raise the tax, they just raise that field in the model.
Idiots like Warren. Fools.