Comment by smileysteve

So close to realizing the issues with the 2018 tax bill.

- 20% maximum corporate tax

- Personal Salt cap

Made it less expensive for an llc to buy a home than for most individuals.

To make individual ownership on par with corporate, individuals need to be in a lower tax bracket, be able to deduct taxes , interest, and insurance. And the $10k cap really hurt the ability for local property taxes to make it better for the individual. The new $40k cap may put it slightly towards the individual in some jurisdictions.

But raising corporate rates or reducing corporate deductible expense re real estate is the most efficient policy to encourage individual ownership.