Agreed, realtors and homebuilders won't like it, but their lobbyists and lawyers have had too much influence on the tax code for far too long. There is no reason why this distortionary policy ever should have happened; it encourages people to purchase far more house than they would in a free market.
Agreed, realtors and homebuilders won't like it, but their lobbyists and lawyers have had too much influence on the tax code for far too long. There is no reason why this distortionary policy ever should have happened; it encourages people to purchase far more house than they would in a free market.
Glad this was changed. Now states have another reason to be more competitive when it comes to taxes.