Jackson, Ms is jacked up (Merged)

If you think that wealthy people are using the same tax breaks in ownership that regular people do; well you’re wrong.


There are hundreds of carve outs for real estate alone that the average person couldn’t touch. And this are the big ones. Depreciation, ledger write downs, and the losses from unused/unrented space - most of which is left vacant for this very reason - you can cover the taxes in a 10 unit building by renting 8 and taking the loss in the other two at average rent for the zip code.

Just because tax breaks are available to everyone doesn’t mean they are available to everyone. Unless everyone to you own apartment complexes and strip malls of course.

ETA- sales tax is absolutely the worst form of taxation and is as regressive a tax as you can find. I am so glad I live in a state without sales tax.