Originally Posted by
Foggy_Goggles
1031s are only tax deferment. I believe the original intent was encourage residential rental properties. Obviously it isn't working out like that. The tax code, mortgage industry etc. is just one giant loop hole being exploited to the determent of many.
Yes.. The lawmaking caused by the legalized bribery by lobbyists should be made illegal.. But it won't be because conservatives want to keep expanding legalized bribery.. And the liberals are not much better than the conservatives in that matter.
what's so funny about peace, love, and understanding?
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