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courtierimmobilier · 6 months

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A Comprehensive Guide to Real Estate Market

Real estate is a term that resonates with dreams of homeownership, investment opportunities, and wealth creation. It's a vast and dynamic industry encompassing many properties, transactions, and players. Whether you're a first-time homebuyer, a seasoned investor, or simply someone curious about real estate in Montreal, this comprehensive guide will provide valuable insights into this exciting field.

Types of Real Estate

Real estate is more than just houses and apartments. It's a diverse landscape, including:

1.1. Residential: These are properties meant for living, such as single-family homes, condominiums, and apartments.

1.2. Commercial: Commercial properties include office buildings, shopping malls, retail spaces, and hotels.

1.3. Industrial: This category comprises warehouses, factories, and manufacturing facilities.

1.4. Land: Vacant land can be developed or held for future investment.

1.5. Special Purpose: These properties have unique purposes, like hospitals, schools, and religious institutions.

Real Estate Agents

Montreal Real estate transactions often involve the expertise of real estate agents. They help buyers and sellers navigate the complex process of buying or selling property. These professionals are well-versed in market trends, negotiation skills, and legalities.

Financing Your Real Estate Endeavor

Most real estate transactions require substantial financial investments. Here are some common financing options:

3.1. Mortgages: A mortgage allows you to purchase a home with a loan, which you pay back over time with interest.

3.2. Real Estate Investment Trusts (REITs): Companies that own or finance income-producing real estate. Investing in REITs can provide a source of passive income.

3.3. Hard Money Loans: These short-term loans are often used by real estate investors and flippers who need quick access to funds.

3.4. Crowdfunding: Real estate crowdfunding platforms allow multiple investors to pool their resources to fund real estate projects.

Market Trends

The real estate in Montreal market is in a constant state of flux. Factors like interest rates, economic conditions, and regional trends influence it. Staying informed about market dynamics can help you make better investment decisions.

Location, Location, Location

The age-old real estate adage emphasizes the importance of location. The value of a property is often intrinsically tied to its surroundings, including proximity to schools, shopping centers, transportation hubs, and job opportunities.

Investment Strategies

Real estate offers various investment strategies, such as:

6.1. Buy and Hold: This strategy involves purchasing and holding a property for the long term, allowing it to appreciate and generate rental income.

6.2. Fix and Flip: Investors buy distressed properties, renovate them, and sell them at a profit.

6.3. Wholesaling: Wholesalers find and secure properties at a low price and then sell them to investors for a fee.

6.4. Vacation Rentals: Renting out properties on platforms like Airbnb can be a lucrative source of income.

Legal Aspects

Real estate transactions involve many legal aspects, including contracts, property titles, and regulations. It's crucial to consult with legal professionals to ensure a smooth and lawful process.

Real Estate Technology

Technology has transformed the real estate industry. Online listings, virtual tours, and digital paperwork have streamlined the buying and selling process, making it more accessible and efficient.

Real Estate and Sustainability

The real estate sector is increasingly focusing on sustainability. Green buildings, energy-efficient features, and eco-friendly design are becoming more prevalent as environmental concerns grow.

Risks and Challenges

Montreal Real estate investments are not without risks. Market downturns, property damage, and unexpected maintenance costs can challenge seasoned investors. Due diligence and proper risk management are essential.

Conclusion

Real estate is a vast and multifaceted field that offers countless opportunities for homeowners, investors, and professionals. It's a dynamic industry that continues to evolve, making it an exciting journey for anyone interested in navigating the world of bricks and mortar. Whether you're looking to purchase your dream home or explore real estate as an investment, this comprehensive guide has given you the essential knowledge to get started. Remember to stay informed, conduct thorough research, and seek expert advice when necessary to make the most of your real estate in Montreal endeavors.

#real estate in Montreal

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luxurypropertiesworld · 9 months

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Problem With REITs And Solutions For It

Introduction

Real estate investment trusts (REITs) may seem promising investment options, but it comes with their fair share of problems. From lack of control over your investment to the risk of poor management and market volatility affecting returns, worry not here are some possible solutions to make real estate investments more secure and profitable.

What are REITs?

REITs, or Real Estate Investment Trusts, are investments vehicle that allows individuals to invest in real estate without actually owning the physical properties. Sound like a dream come true, but not so fast. While REITs may seem like a convenient way to dip your toes into the world of real estate investments, they come with their fair share of drawbacks.

REITs are a company that owns and operates income-generating properties, such as apartment buildings, shopping malls, and office spaces. Investors can buy shares in these REITs and receive a portion of the rental income generated by the properties. So basically, you're investing in a company that invests in real estate.

The Problem with REIT Investments

One of the main problems with REIT investments is the lack of control. When you invest in a REIT, you're giving up control over the specific properties in which your money is being invested.

Another issue is the risk of poor management. Since you're not directly managing the properties, you're relying on the REIT company to make decisions and effectively manage the properties. All REITs are created equal. Some may have stellar management teams, while others may have a knack for making poor investment choices.

Lastly, we can't forget the impact of market volatility on REIT investments. Just like any other investment, REITs are subject to market fluctuations. When the real estate market takes a nosedive, so will the value of your REIT shares. And nobody wants to see their investments plummet faster than the speed of light, right?

Possible Solutions for Real Estate Investments

First, let's talk about the lack of control over your precious investment. When you invest in a REIT, You don't get a say in which properties to invest or how it is being managed.

And while we're on the subject of management, let's not forget the risk of poor management. But what happens when the management team changes? Suddenly, your investment is at the mercy of strangers who may or may not have any hint about real estate.

There are some possible solutions to this REIT nightmare. One option is to go old school and be the owner of properties. You get complete control and can sleep peacefully. Now fate is in your own hands. Another option is real estate crowdfunding platforms, where you can pool your funds with others to invest in specific properties. It's like a virtual commune of real estate enthusiasts, working together to conquer the investment world.

And finally, we have real estate mutual funds. These are like the buffet of real estate investments, allowing you to diversify your portfolio and mitigate the risk of poor management and market volatility.

Remember, the real estate investment world is not for the faint of heart, but with the right knowledge and a twinkle in your eye, you just might come out on top.

Conclusion

The problem with REIT investments is the lack of control over the investment, the risk of poor management, and the market volatility affecting returns. So, what are the possible solutions for real estate investments? Direct ownership of properties, real estate crowdfunding platforms, and real estate mutual funds offer alternatives worth considering.

#real estate #investment #premium apartments

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ubaid214 · 1 year

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Most useful True Property Expense Retirement

If you can get proper (cheap), put a house to its most useful use, and produce improvements with sweat equity (do it yourself) your very best property investment strategy for 2014, 2015 and beyond could be to do it now - with or without economic leverage. Just wish that the marketplace stays good, the creek don't increase, and interest prices don't rise a lot of often while you own it. Curiosity charges have already been traditionally minimal for decades today and are forecast to rise in 2014, 2015 and/or beyond. Larger prices really are a negative for both market prices and marketability.

So, what's the most effective true state expense strategy for busy people who don't want the problems and drawbacks of home management? Allow the specialists take action for you personally, without privately owning true properties. Merely buy gives in REAL ESTATE mutual resources that manage a portfolio of shares (equities) in the actual house segment - like house builders and REITs (equity property expense trusts) that own/manage office houses, property complexes and different industrial properties.

You can profit from equally climbing reveal rates and dividend income. You can buy or offer shares and find the worth of your account on the web anytime; and you are able to invest a few thousand pounds or perhaps a few million. The most effective property expense technique for minimizing fees and costs: opt for NO-LOAD finance companies and prevent sales costs whenever you get or sell. Complete expenses may be 1% a year or less with the most effective property expense funds. To locate them form "no-load funds" into your preferred search engine.

Your best real-estate investment technique to steer clear of the complications and other natural negatives of owning real properties is to invest in no-load real estate equity resources in 2014, 2015 and beyond. If the economy and the areas start to bitter, you can promote some gives and get back later at decrease reveal prices. real estate attorney bedford

You understand you're halfway there once you see your dream home. The only thing that remains is arriving at a agreement with owner, regarding their question price. Ultimately, the asking price is usually to be brought right down to the price that you want.

It is common for consumers to be mistaken in assuming that they'll simply persuade the vendor into offering their property with a couple natural settlement tactics. The facts of the problem is that this might only be feasible for those who have a horseshoe, rabbit's foot and four-leaf clover in their possession.

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svsinfradevelopers · 1 year

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How to Invest in Real Estate Wisely

When you think of real estate, what comes to mind? The first thing that comes to mind is either buying a house to live in or purchasing land as a safe investment. Right?

But did you know that real estate investments can range from buying and holding to stabilising and flipping? Some indirect investments even allow you to diversify your portfolio by including real estate. It has so many options that it can be difficult to know where to begin.

Don’t worry, we’ve got your back. Continue reading for some of the best ways for every type of investor to invest in real estate smartly and dynamically.

What exactly is real estate investing, and why is it so important?

Real estate investment entails purchasing property to generate income. This income can be passive (dividends or collecting rents) or active (profitably selling a property or fixing up a house).

If done correctly, real estate can play a significant role in your investment strategy. It is one of the most reliable investments you can make and is an excellent way to diversify your portfolio.

You can invest in real estate directly by using leverage to buy a home or rental property, or indirectly by purchasing shares in a real estate investment trust or an online real estate crowdfunding platform.

Aside from granting you ownership of a tangible asset (whose value almost always appreciates), inflation and other market sectors can be effectively hedged by real estate. Overall, real estate investing is one of the most effective ways to generate cash flow, build wealth, and increase your net worth.

Invest in high-end open plots

Property prices in an emerging city have been rapidly rising as a result of high rates of investment. As a result, many investors find it difficult to purchase within Hyderabad. However, some areas, such as Yadagiri gutta and its surroundings, have been producing healthy returns in recent years.

And due to the rapid obstacles facing employment opportunities, education, medical facilities, hospitality, and ITes, the real estate market has been wide with less risk and high-return investments. Buying land in Hyderabad is always the best investment option. You can also design your dream home in one of the rapidly developing areas, such as Yadagiri gutta.

Purchasing property for investment is regarded as a significant step, both emotionally and financially. Make the right choice by investing in the best land for sale in Hyderabad. The main reason for investing in premium open plots in Hyderabad is the high potential for return on investment.

Real Estate for Business

Commercial properties, such as retail, office, storage, or industrial buildings, provide a higher return to experienced real estate investors than residential real estate. Commercial real estate generates more revenue than residential units, primarily through rent. Some tenants, however, purchase options for what is known as the “right of first refusal” on neighbouring properties.

Real estate investment groups (REIGs)

A REIG is typically a multi-partner group that invests in and manages one or more apartment or condo complexes. To become a member of a group, you must first purchase an apartment or condo from the company, which then hires a property manager to handle maintenance, interview tenants, and fill vacancies.

While this investment option is significantly more expensive than REITs and RELPs in the beginning, it can be ideal for investors who want to own and rent their property without having to deal with day-to-day maintenance.

Real estate investment trusts (REITs)

REITs are indirect real estate investments that allow both beginners and experienced traders to gain market exposure without having to purchase their property. REITs, like ETFs and mutual funds, hold a diverse portfolio of assets, are publicly traded, and pay regular dividends. If you don’t have a lot of money to invest and want to get started in real estate, they can be a good option.

You earn a proportionate share of the income generated by a REIT by purchasing shares. Equity REITs, for example, own buildings, whereas mortgage REITs own mortgages and mortgage-backed securities.

Foreclosures and real estate owned (REO) properties

Foreclosure occurs when a homeowner fails to pay their mortgage. This means that the mortgage company or financial institution takes possession of the property and attempts to sell it at auction. If they are unable to find a buyer, the property will become REO. Foreclosures and REO properties are frequently priced well below market value, making them excellent investment opportunities.

House-hacking

If you aren’t quite ready to become a full-time landlord, you could try house-hacking instead. You can generate rental income to offset the cost of your mortgage payments by renting out a portion of your primary residence to a tenant, such as a room or basement. If you don’t want to deal with the hassle of long-term tenants, websites like Airbnb can help you find short-term renters who are only passing through.

Determining the most effective real estate investment strategy for you

Real estate isn’t a one-size-fits-all investment option. Where you put your money is determined by your financial goals.

And keep in mind that there is no rule requiring you to choose only one type of investment. Adding diversification to your real estate portfolio is an excellent way to discover what works best for you while protecting yourself against potential losses in one sector.

The Final Word

There are numerous methods for investing in real estate. Whether you’re saving up to buy your first home, investing in a rental property, or investing in an online crowdfunding venture, always do your research to get the most out of whatever option you choose

When it comes to accumulating wealth, you must use the best tools available to help you reach your full potential.

SVS Infra Developers believes in creating well-rounded investment opportunities that include strategic development while never sacrificing quality of delivery. We carefully select our development sites in order to maximise your returns. The Lakshmi Enclave was thoughtfully located in Yadagiri Gutta due to the tremendous potential of this blessed land. The DTCP has approved the 40-acre Lakshmi Enclave layout and the 12-acre Indraprastha layout, ensuring the security of your investment, and our professional team effectively handles all your queries. To learn more about us and our projects, please visit www.svsinfradevelopers.com and schedule your free site visit today.

#investing in real estate #open plots in hyderabad

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stockcalc · 3 years

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Morguard (MRC:TSE) Fundamental Valuation Report

Fundamental Valuation Report Morguard(MRC:TSE) Real Estate:Real Estate – Diversified This Report was generated using the valuation tools available on StockCalc.com. For a free 30 day trial click here. –Close Price/Date$128.16 (CAD) 05/07/2021 Weighted Valuation$169.45 (CAD) Overall RatingUndervalued by 32.2% Valuation Models Comparables: $240.30 (CAD) (in order of…

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artstudiotoronto5-blog · 4 years

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Real estate, homes for sale, mls listings, agents

We do receive compensation from some partners whose offers appear here. Portfolio real estate knows that having the right real estate agent means having an agent who is committed to helping you buy or sell your home with the highest level of expertise in your local market. With our solution for reits and real estate investment you gain essential data, news, and analytics to build a competitive real estate portfolio and understand your market.

Whether you are looking for a rented property or planning to build your dream abode, you can find anything and everything in real estate at our portal. He then created an algorithm to find the most profitable real estate investment that also took the least time, effort, and risk. Commercial real estate is used for commerce and includes anything from strip malls and free-standing restaurants to office buildings and skyscrapers.

Craig martinez is an entrepreneur, real estate investor, ceo of now home buyers, wholesale florida homes and founder of flip boss inc. Through its highly targeted, compelling & result driven marketing campaigns, the company has developed to become the largest Art Studio Toronto of innovative and modern solutions to the real-estate industry. Find listed homes, real estate agents and new developments in your neighbourhood.

Residential real estate includes both new construction and resale homes. However, if ibuyers end up gaining serious traction over the next few years, there could be far fewer real estate agents than there are today. Explore a property to find landgate information (property dimensions, cadastral boundaries), watercorp information (water meters, pipes, connections) plus nearby schools, public transport and local amenities.

Real estate agents who want to increase their professionalism become realtors®. And nearly all agents say they enjoy being their own boss, controlling their schedules and turning their passion for real estate into an income stream. Ownership of land can be held separately from the ownership of rights over that land, including sporting rights, 15 mineral rights , development rights, air rights , and such other rights as may be worth segregating from simple land ownership.

Aaron amuchastegui grew up working construction on custom home projects that his father was building, and his real estate career started years later when he worked for a homebuilding company fresh out of college in 2006 at the height of the housing boom. Sean terry has been a real estate wholesaler for the last 17 years and has flipped more than 2,500 homes and generated roughly $40 million in wholesale fees.

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alokjaino150 · 2 years

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Real Estate as an Asset Class

At the onset, I respect all Asset Classes. My belief in Real Estate as an Asset Class as an Investor and Realtor in Pune, INDIA excited me to blog. I firmly believe Real Estate should be a part of a healthy Wealth Portfolio.

There are many asset classes like Equity investments, Fixed income, Property, others.

Real estate provides diversification of assets.

Good investments have the potential to live the life of our dreams.

In a Real Estate investment one can expect:

RENTAL INCOME

CAPITAL APPRECIATION

SLOWER BUT STEADIER CAPITAL APPRECIATION IN LONG TERM

A combination of rental income and capital appreciation certainly beats inflation if held for the long term.

EXISTING REAL ESTATE INVESTORS

· Disruption could have dented your ROI as an investor

· Focus on capital appreciation in the future

FOR NEW INVESTORS

Look out for opportunities/deals during disruption. Invest small. Spread the risk. Look at pre-leased properties like small commercial shops/offices.

ROI ANYTHING OVER 5% WITH A LONG-TERM VIEW ON CAPITAL APPRECIATION

Bank loans are lower than before

Balance your portfolio

Spread the Risk

CAN YOU MONETIZE YOUR HOLIDAY HOME?

Yes. If invested in preferred destinations. It will generate passive income and secondly, it will be maintained.

You have created an asset for long term.

OTHER FORMS OF REAL ESTATE INVESTING ARE THROUGH:

1. REIT (Real Estate Investment Trust)

2. Fractional OWNERSHIP

SOME DATA SHOWING CAPITAL APPRECIATION

1. Invested in 1995 – Rate 680 PSF – Area 2500 Sq. Ft. Today Sell Rate 12500 PSF = 18.5 times approx. in 25 years

2. Invested in 2017– Rate 6250 PSF – Area 1600 Today Sell Rate – Rate 10500 PSF– if sold 60% appreciation in 3+ years

A word of caution – Due diligence is important and take advise of a

trusted Realtor.

These are my observations through my personal experience as an Investor and Realtor and through the experience of clients/friends

I am bullish on real estate for the long term.

Conclusion: The idea to invest in any Asset Class is to beat inflation and hold for long term for capital appreciation.

Life Inspiration Advisory partner’s with NRI clients or any Indian interested in real estate opportunities that have been strategically identified as having tremendous growth potential.They also provide end-to-end real estate advisory services to help them with decision-making, transaction execution, documentation, and post-deal activities, whether they are looking to buy, sell, lease, or rent.

Original Source - https://lifeinspirations.in/blog/real-estate-as-an-asset-class/

#realestate #realestateadvisoryfirm

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patriotsnet · 3 years

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Why Do Republicans Want Lower Taxes

New Post has been published on https://www.patriotsnet.com/why-do-republicans-want-lower-taxes/

Why Do Republicans Want Lower Taxes

Democrats Vs Republicans On Taxes

Why Do People Think Lower Taxes Help the Economy?

While Republicans believe in balancing spending cuts with tax cuts across the board, Democrats believe in cutting taxes for the middle and lower class, while raising them for the upper class. They believe in a higher marginal rate, with income tax being higher for those who make more, as opposed to the Republican views that taxes should be equal percentages for all income levels. In the 2012 Party Platform, 56% of republicans opposed raising taxes on those who earned over $250,000. This isnt to say that Republicans do not believe in focusing relief on the middle and lower classes; they do, however, believe in relief for all Americans, and not in raising taxes on the upper classes.

What Do Republicans Believe In

Do all Republicans believe the same things? Of course not. Rarely do members of a single political group agree on all issues. Even among Republicans, there are differences of opinion. As a group, they do not agree on every issue.

Some folks vote Republican because of fiscal concerns. Often, that trumps concerns they may have about social issues. Others are less interested in the fiscal position of the party. They vote they way they do because of religion. They believe Republicans are the party of morality. Some simply want less government. They believe only Republicans can solve the problem of big government. Republicans spend less . They lower taxes: some people vote for that alone.

However, the Republican Party does stand for certain things. So I’m answering with regard to the party as a whole. Call it a platform. Call them core beliefs. The vast majority of Republicans adhere to certain ideas.

So what do Republicans believe? Here are their basic tenets:

Conservatives Dont Hate Socialism They Hate Equality

They want to take away your hamburgers, former Trump aide Sebastian Gorka in February. This is what Stalin dreamt about America will never be a socialist country! The Conservative Political Action Conference audience cheered. The video played on my phone as I waved at Danny, the homeless man who begs for food every morning at the Newark Penn Station, where scores of poor people sleep in wheelchairs or lean on crutches or stand by the delis to ask for change.

These folks need more than hamburgers. They need jobs and homes. Yet, as the 2020 election season starts, Trump has branded progressives as socialists who will steal property and bring tyranny. The presidents fearmongering contrasts with the actual Green New Deal that some Democrats support but failed to pass in the GOP-controlled Senate. Its a fear driven by ideology. Republicans paint the poor as undeserving, marked by cultural or personal character flaws. Whereas Democratic Socialists believe people have the ability to run the economy and society to meet their needs. Why this difference in perception? It is because Republicans arent afraid of socialism they are afraid of equality with people they see as inferior.

Read Also: How Many Democrats And Republicans Are In The House

To Fund The $35 Trillion Budget Plan Democrats Aim To Undo Trump Tax Cuts

To Fund The $3.5 Trillion Budget Plan, Democrats Aim To Undo Trump Tax Cuts

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The 10% cuts were “across the board,” as he liked to say, implying they were of equal value to all. The dollar value of the cuts was, of course, far larger for those with larger incomes. Moreover, the tax law changes that accompanied the rate cuts made it easier for individuals and corporations to “write off” various forms of income and spending to lower their tax bills further. The tax rate for capital gains, money made from successful investing, would come down from 28% to 20%.

Reagan did not get everything he sought in this initial foray against high taxes and progressivity. The Senate trimmed the third year of the tax cut from 10% to 5%, and it would take a second bill, the Tax Reform Act of 1986, to pull the marginal top rate all the way down to 28%.

But Reagan’s tax cuts in 1981 constituted the strongest move away from progressivity in the income tax since the tax was initiated in the Civil War.

They were the culmination of rising anti-tax sentiment in the late 1970s, when some states adopted tax limitations by popular referendum. That spirit was kept alive in the decades to come by groups such as Americans for Tax Reform, led by activist Grover Norquist. Starting in 1986, Norquist has challenged candidates for office to sign his “taxpayer protection pledge” not to raise taxes. The great majority of Republicans have signed.

Reagan Pared Back Progressivity

Reagan was able to reverse what had been a decades-long commitment to at least the look of progressivity. He could do it in part because his 1980 election coattails enabled his party to capture control of the Senate for the first time in a quarter century. Moreover, while Democrats still had a House majority, their ranks included scores of members from Southern and Midwestern districts that had also voted for Reagan.

When the budget resolution passed in that summer of 1981, 63 House Democrats joined all 190 Republicans in backing it. And when the tax package came to its critical votes in July, dozens of Democrats sided with Reagan and the Republicans rather than their own leadership.

In 1982, Democrats added to their majority in the House and negotiated some revenue increases with the Senate and the White House. And in Reagan’s second term, momentum built quickly for a tax overhaul that would combine still lower marginal rates with new business taxes and a paring back of tax preferences and other “loopholes.” The new overhaul’s main appeal to Democrats was that it exempted far more middle- and lower-income earners from the income tax altogether.

Career anti-tax advocate Grover Norquist, here in 2018, called the Trump administration’s 2017 tax cut “Reaganite” the ultimate compliment from the founder of Americans for Tax Reform.hide caption

toggle caption

You May Like: Leader Of The Radical Republicans

Gop Real Estate Owners Make Out Big

Besides the laws benefits to real estate pass-throughs, real estate in general was hugely favored by the tax law, allowing property exchanges to avoid taxation, the deduction of new capital expenses in just one year versus longer depreciation schedules, and an exemption from limits on interest deductions.;

If you are a real estate developer, you never pay tax, said Ed Kleinbard, a former head of Congresss Joint Committee on Taxation.;

Members of Congress own a lot of real estate. Public Integritys review of financial disclosures found that 29 of the 47 GOP members of the committees responsible for the tax bill hold interests in real estate, including small rental businesses, LLCs, and massive real estate investment trusts , which pay dividends to investors. The tax bill allows REIT investors to deduct 20 percent from their dividends for tax purposes.;

Who We Are

The Center for Public Integrity is an independent, investigative newsroom that exposes betrayals of the public trust by powerful interests.

Its Not Easy Being Green

Democratic socialism is not a Marxist fever dream; its a call for help. Its less socialism than humanitarian aid for a people in crisis. Millions of Americans are in dead-end jobs, slipping behind on bills, deep in debt and scared of climate change.

Something is wrong with capitalism, Martin Luther King Jr. told his staff in 1966. There must be better distribution of wealth and maybe America must move toward a democratic socialism. Saying the economic system causes pain means moving beyond the conservative image of the poor as flawed, personally or culturally, or the liberal image of them as unlucky victims of a more or less functioning meritocracy. To honor our human potential, capitalism must be dismantled, its pieces taken apart and recombined into a new world.

Climate change is one of the biggest existential threats to our way of life, Rep. Ocasio-Cortez said at the rollout of the Green New Deal. To combat that threat, we need to be as ambitious and innovative as possible. In its 14 pages, the plan envisions a World War II-scale mobilization of millions of workers. They will repair roads and bridges, build smart grids, upgrade industry to be zero carbon, build green public transit, remove carbon from the air, clean up waste sites, and clean up the poisoned land and waterways. When they come home, those workers can rest in new, green housing, and if sick or injured, they can go see a doctor, using a Medicare for All card.

Recommended Reading: How Many States Are Controlled By Republicans

Most Welfare Recipients Are Makers Not Takers

The first myth, that people who receive public benefits are takers rather than makers, is flatly untrue for the vast majority of working-age recipients.

Consider Supplemental Nutrition Assistance Program benefits, formerly known as food stamps, which currently serve about 42 million Americans. At least one adult in more than half of SNAP-recipient households are working. And the average SNAP subsidy is $125 per month, or $1.40 per meal hardly enough to justify quitting a job.

As for Medicaid, nearly 80 percent of adults receiving Medicaid live in families where someone works, and more than half are working themselves.

In early December, House Speaker Paul Ryan said, We have a welfare system thats trapping people in poverty and effectively paying people not to work.

Not true. Welfare officially called Temporary Assistance to Needy Families has required work as a condition of eligibility since then-President Bill Clinton signed welfare reform into law in 1996. And the earned income tax credit, a tax credit for low- and moderate-income workers, by definition, supports only people who work.

Workers apply for public benefits because they need assistance to make ends meet. American workers are among the most productive in the world, but over the last 40 years the bottom half of income earners have seen no income growth. As a result, since 1973, worker productivity has grown almost six times faster than wages.

Religion And The Belief In God Is Vital To A Strong Nation

Lower Taxes, Higher Revenue

Republicans are generally accepting only of the Judeo-Christian belief system. For most Republicans, religion is absolutely vital in their political beliefs and the two cannot be separated. Therefore, separation of church and state is not that important to them. In fact, they believe that much of what is wrong has been caused by too much secularism.

Those are the four basic Republican tenets: small government, local control, the power of free markets, and Christian authority. Below are other things they believe that derive from those four ideas.

Read Also: When Did Democrats And Republicans Switch Platforms

Orrin Hatch Tom Coburn And Richard Burr On Health Care

More recently, senators Orrin Hatch of Utah, Tom Coburn of Oklahoma, and Richard Burr of North Carolina have headed up the Republican fight on health care. Their proposal was named the Patient Choice, Affordability, Responsibility and Empowerment Act, and is based upon the principle of providing more flexibility and purchasing power to the individual. It shares some important similarities with the Affordable Care Act, such as the requirement to allow dependent coverage through the age of 26, and the inability of insurance companies to provide lifetime limits. When the three senators released their proposal, Burr stated The American people have found out what is in ObamaCare broken promises in the form of increased health care costs, costly mandates and government bureaucracy. We can lower costs and expand access to quality coverage and care by empowering individuals and their families to make their own health care decisions, rather than empowering the government to make those decisions for them.;The group stated that their proposal is designed to be roughly budget neutral over the first 10 years, leaving the financial burden on the American people at nothing. Coburn commented that they created this proposal because Its critical we chart another path forward. Our health care system wasnt working well before ObamaCare and it is worse after ObamaCare.

What The Needy Deserve

The second myth is that low-income Americans do not deserve a helping hand.

This idea derives from our belief that the U.S. is a meritocracy where the most deserving rise to the top. Yet where a person ends up on the income ladder is tied to where they started out.

Indeed, America is not nearly as socially mobile as we like to think. Forty percent of Americans born into the bottom-income quintile the poorest 20 percent will stay there. And the same stickiness exists in the top quintile.

As for people born into the middle class, only 20 percent will ascend to the top quintile in their lifetimes.

The third myth is that government assistance is a waste of money and doesnt accomplish its goals.

In fact, poverty rates would double without the safety net, to say nothing of human suffering. Last year, the safety net lifted 38 million people, including 8 million children, out of poverty.

Don’t Miss: Did Trump Say Republicans Are Stupid

An Exhaustive Lobbying Campaign

Almost immediately after Mr. Trump signed the bill, companies and their lobbyists including G.E.s Mr. Brown began a full-court pressure campaign to try to shield themselves from the BEAT and GILTI.

The Treasury Department had to figure out how to carry out the hastily written law, which lacked crucial details.

Chip Harter was the Treasury official in charge of writing the rules for the BEAT and GILTI. He had spent decades at PwC and the law firm Baker McKenzie, counseling companies on the same sorts of tax-avoidance arrangements that the new law was supposed to discourage.

Starting in January 2018, he and his colleagues found themselves in nonstop meetings roughly 10 a week at times with lobbyists for companies and industry groups.

The Organization for International Investment a powerful trade group for foreign multinationals like the Swiss food company Nestlé and the Dutch chemical maker LyondellBasell objected to a Treasury proposal that would have prevented companies from using a complex currency-accounting maneuver to avoid the BEAT.

The groups lobbyists were from PwC and Baker McKenzie, Mr. Harters former firms, according to public lobbying disclosures. One of them, Pam Olson, was the top Treasury tax official in the George W. Bush administration.

This month, the Treasury issued the final version of some of the BEAT regulations. The Organization for International Investment got what it wanted.

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How Democrats And Republicans Differ On Matters Of Wealth And Equality

A protester wears a T-shirt in support of Bernie Sanders, an independent from Vermont who is part of … a group of Democrats looking to beat Trump in 2020. Photographer: John Taggart/Bloomberg

If youre a rich Democrat, you wake up each day with self-loathing, wondering how you can make the world more egalitarian. Please tax me more, you say to your elected officials. Until then, the next thing you do is call your financial advisor to inquire about tax shelters.

If youre a poor Republican, however, you have more in common with the Democratic Party than the traditional Wall Street, big business base of the Republican Party, according to a survey by the Voter Study Group, a two-year-old consortium made up of academics and think tank scholars from across the political spectrum. That means the mostly conservative American Enterprise Institute and Cato were also on board with professors from Stanford and Georgetown universities when conducting this study, released this month.

The fact that lower-income Republicans, largely known as the basket of deplorables, support more social spending and taxing the rich was a key takeaway from this years report, says Lee Drutman, senior fellow on the political reform program at New America, a Washington D.C.-based think tank.

Across party lines, only 37% of respondents said they supported government getting active in reducing differences in income, close to the 39% who opposed it outright. Some 24% had no opinion on the subject.

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Us House Democrats Seek To Roll Back Trump Tax Cuts For Wealthy Corporations

WASHINGTON, Sept 13 – Leading Democrats in the U.S. House of Representatives on Monday proposed a substantial roll-back of former President Donald Trump’s tax cuts, including raising the top tax rate on corporations to 26.5% from the current 21%.

Democrats on the powerful House Ways and Means Committee said they will debate legislation this week that would achieve the changes as part of their broader, $3.5 trillion domestic investment plan.

In an attempt to finance the new spending, the Democratic-led committee will debate a proposal to raise $2.9 trillion in revenue over 10 years, according to a document circulated among members of the panel.

Besides increasing corporate taxes, wealthy individuals would see a jump in their income taxes as well as higher capital gains and estate taxes.

Even if the legislation as proposed passes Congress and is signed by Democratic President Joe Biden, corporate taxes would still be lower than they were before the enactment of the tax cuts pushed through by Republicans in 2017. But the top individual income tax rate would revert to its pre-2017 level.

The tax-writing Ways and Means Committee has scheduled work sessions for Tuesday and Wednesday to debate tax policy and other matters under its jurisdiction to be included in the $3.5 trillion “reconciliation” bill, which would require a simple majority to be passed in the Senate.

REPUBLICANS OPPOSED

Republican Senators Push Social Security Medicare And Medicaid Cuts After Supporting Ineffective Tax Cuts

Republicans Target Social Security, Medicare and Medicaid

getty

The economy is recovering from the depths of the pandemic in large part due to the massive relief packages that Congress passed in 2020 and 2021. Just in time for this recovery, Senate Republicans are pushing for cuts to vital programs. According to news reports, five GOP senators are proposing a commission that would come up with proposals to balance the federal budget within a decade. Given that four of the five sponsors of this idea have signed on to the tax pledge to never, ever under any circumstances raise taxes, they are looking for programs to cut. They consequently take aim mainly at cuts to Social Security, Medicare and Medicaid.

These targeted programs are already and will continue to prove crucial to the financial and physical health of millions of Americans that have suffered from the pandemic. Many workers, especially older ones, have lost their jobs permanently and will move into early retirement with permanently lower benefits and little or no savings outside of those benefits. Millions of Americans, again particularly among older ones, experience long-term consequences from COVID-19, the disease caused by the novel virus. Those hardest hit by pandemic will need strong, expanded retirement and health benefits, not cuts to an already basic system.

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