What the coronavirus pandemic is doing to you.

Guys, I know you were worried the #stimuluspackage wouldn't do anything for the 1%.

Rest assured, your #congress will address this by including on page 203 of the 808 page document, a tax break for wealthy real estate investors, where capital gains in the stock market can be offset by paper write offs in real estate.

It means people who own a lot of property and are considered millionaires and billionaires don't have to pay Federal #taxes on the money they earn, so long as they can show a loss and write it off.

This is good news for the #wealthy. Great news for Jared Kushner, his dad, and other real estate owners who shall go unnamed.

Regular taxpayers will get $1200 (at a cost of $10,000 to them) to put back into the economy. Yes, your $1200 cash now will cost you $7800 in the long run. (short term gain to boost spending which impacts stock prices now, not when you start pulling from your 401k, (the one that lost it's value last week).

Lesson:

Start your own business.

Learn Tax law basics.

Keep more of what you make.

Invest in real estate (or other protected assets).

Learn what you CAN and Can't write off.

And pay attention. This is another wealth transfer under the guise of a relief package.

#trump #taxpayers #america #business