[COLUMN] If Trump gets his way, real estate will get even more tax breaks

20140627_Trump_International_Hotel_and_Tower_(Chicago)_sign_2By James B. Stewart | The New York Times

(Editor’s note: Opinion pieces are published for discussions purposes only.)

It’s hard to imagine a tax code more favorable to real estate developers than the one we already have.

Donald Trump has come up with one.

Thanks to some major loopholes in the existing tax code that treat real estate developers as a special privileged class, it’s entirely possible (even likely) that Mr. Trump pays little or no federal income tax.

But Mr. Trump’s new tax proposal doesn’t just preserve those breaks, it piles on new ones for real estate developers like Mr. Trump himself — at an estimated cost of more than $1 trillion in tax revenue over a decade.

Continued:

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