Until investors consume their profits – 'cashing out to buy yachts, caviar, champagne, Chippendale furniture (or dancers)' – it's better economy policy to allow tax deferral, usblockchainpac's ToddWhiteUSA & Ralph Benko write. Opinion for PolicyWeek
Real estate investors can, within broad limits, “trade in” an apartment building for a shopping center or medical center or McMansion – or other property – while deferring realization of taxation on increased value until they cash out. Makes sense!
Capital assets are the source of productivity and, thus, American equitable prosperity. That purpose – to “promote the general welfare” – is one of theArguably, failing to allow deferral of taxation on a like-kind exchange – such as crypto-to-crypto – could be considered unconstitutional, at least in spirit .
The economist-authors of this study concluded that repealing the like-kind exchange deferral for real estate would cause:
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