Currently each sale is listed for the IRS. I must use more that three pages just for that. Accounting for income from property is also not addressed by this. Itemizing expenses for rentals requires several pages.
There has never been a free market capitalist economy in any country at any time. In fact, we have been a Monopoly Capitalist economy since the 1930s controlled by State-supported huge international corporations.
Communism would have been more successful if it told people what they could buy. It collapsed because it people could NOT buy anything. There was nothing to buy.
I’ve bought many a prop and they know the sale and resale there is your profit what u paid the realtor sorry.