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If you are a renter, you probably don’t earn enough to pay much if anything in taxes. Tax laws are for tax payers, not poor people who are the recipients of the taxes paid by those that earn enough to afford to buy a house. Of all the government programs that high earners pay into and don’t qualify for, there is finally one that they may be about to take advantage of.

What an arrogant post!

I happen to own now but I rented for a number of years. You don't believe that renters pay taxes? The cost of rent included the cost of the owner's taxes. Therefore, the owner of the property didn't pay the property taxes....I did, in the rental cost each month! I also pay a great deal in income taxes.

It's the same analogy as corporations don't pay taxes, consumers do. Tax costs are built in to everything you buy from anyone.

You don't believe that renters pay taxes? The cost of rent included the cost of the owner's taxes.

That's only true if the rent is high enough to cover the property taxes. If competing rentals are priced below the level necessary to cover the taxes, the owner is paying the taxes and taking a loss. My wife rented our 2nd house to a local police officer who was having problems in his household. She priced it at $350/month. The taxes alone were $360/month. The monthly payment to the bank is $750. It's a 2068 sq ft house with 3 br, 1 BA on 1/4 acre. According to the IRS, the median rent for that size house in Bannock county is $825. The IRS provides that data as a "heads up" to owners who aren't charging "fair market" rents and showing a net loss on the rental property to avoid income taxes. The IRS permits a deduction for property tax, mortgage interest, maintenance and depreciation against the gross rental receipts. If the IRS gets hard nosed about requiring rents to be high enough to cover the costs, be prepared for an impact on rents...in the up direction.