My friend owns three houses, the one he lives in and two he rents. He incorporated for tax purposes. Your saying he can’t own the rental property because he’s now taking advantage of the tax laws?
You mean to say your friend incorporated for tax purposes because owning three houses would’ve been resulted in being taxed at a higher rate? That should be evidence enough.
Unrelated but related: shell companies for the purposes of evading taxes should also not be an acceptable practice.
Limit it to corporations of a certain size then. It’s not people like your friend that are doing the bulk of the damage. It’s large corporations buying up entire neighborhoods to rent them forever.
My friend owns three houses, the one he lives in and two he rents. He incorporated for tax purposes. Your saying he can’t own the rental property because he’s now taking advantage of the tax laws?
You mean to say your friend incorporated for tax purposes because owning three houses would’ve been resulted in being taxed at a higher rate? That should be evidence enough.
Unrelated but related: shell companies for the purposes of evading taxes should also not be an acceptable practice.
Limit it to corporations of a certain size then. It’s not people like your friend that are doing the bulk of the damage. It’s large corporations buying up entire neighborhoods to rent them forever.
That’s one persons opinion, but yes that’s what they are saying