Will Tax Bill Produce A Real Estate Debacle Or Is A Boom Ahead?

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Will Tax Bill Produce A Real Estate Debacle Or Is A Boom Ahead?

There have been some movements within the real estate market that are reminiscent of the environment leading up to the Great Financial Crisis of 2008. But, many of these signals may cause investors to miss potential opportunities in the property market.

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I think there is still some confusion on the "Tax Poll" that has been on site for about a week.



We (and most G-20 countries) have a"Progressive" Income Tax Code...where rates rise with rising income.

A "Regressive Tax" is like a sales tax or a Flat Tax where the rate or tax price is the same no matter what income level you are.
https://www.investopedia.com/terms/r/regressivetax.asp?lgl=myfinance-layout-no-ads

What is 'Regressive Tax'

A regressive tax is a tax that takes a larger percentage of income from low-income earners than from high-income earners. It is in opposition with a progressive tax, which takes a larger percentage from high-income earners. A regressive tax is generally a tax that is applied uniformly to all situations, regardless of the payer.


BREAKING DOWN 'Regressive Tax'

A regressive tax affects people with low incomes more severely than people with high incomes. While it may be fair in some instances to tax everyone at the same rate, it is seen as unjust in other cases. As such, most income tax systems employ a progressive schedule that taxes high earners at a higher percentage rate than low earners, while other types of taxes are uniformly applied.
Examples of regressive taxes include sales taxes, user fees and, arguably, property taxes.

Flat Tax


Often bandied around in debates about income tax, the phrase "flat tax" refers to a taxation system in which the government taxes all income at the same percentage regardless of earnings. Under a flat tax, there are no special deductions or credits. Rather, each person pays a set percentage on all income.




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