The tax law is a violation of GAP standards for accounting.

They don't want you making money on investments and assets the way that they already did.

This would actually also manage to kill the Keynsian system of US Bonds based on mortgages, because home ownership will never accrue wealth. Not to mention that this includes your retirement/pension funds. Now those are going to be taxed before you get anything out of them. Good luck saving for your retirement when you lose the value of your home by 25% a year, and you lose 45% of your pension fund when you withdraw it, especially considering an inflation rate every year that's probably closer to 5%... compounding. You will be driven into poverty by the government.

There is a 0% chance this won't be expanded to people making less that $50,000 a year.

The tax law is a violation of GAP standards for accounting.

They don't want you making money on investments and assets the way that they already did.

This would actually also manage to kill the Keynsian system of US Bonds based on mortgages, because home ownership will never accrue wealth.

There is a 0% chance this won't be expanded to people making less that $50,000 a year.