Taxes Archive

From Public Policy Battle Chaos, Flags of Success

By Robert Freedman, Senior Editor, REALTOR® Magazine After Maine lawmakers in 2009 approved tax increases on goods and services and voted to convert the state mortgage interest deduction and other itemized deductions into a tax credit, the Maine Association...

Phipps: Political Survival Is the Job at Hand

By Robert Freedman, Senior Editor, REALTOR® Magazine It’s difficult to know where to turn your attention when there are so many areas in which REALTORS®’ livelihoods are challenged. Financially strapped governments are proposing transfer fees and other taxes on real...

Job Creation Tops Obama’s State of the Union

By Stacey Moncrieff, Editor in Chief, REALTOR® Magazine In his State of the Union address Tuesday night, President Barack Obama made scant reference to housing and no mention of the mortgage interest deduction. That was probably a wise move...
January 26, 2011

MID Cuts: Hobbesian Choice for Localities

By Robert Freedman, Senior Editor, REALTOR® Magazine Some lawmakers like to call the mortgage interest deduction (MID) a tax break for higher-income households but the vast majority of households that take the deduction are middle-income families, earning either less than...
January 19, 2011

Tax Extension Keeps Real Estate Status Quo

By Robert Freedman, Senior Editor, REALTOR® Magazine The law enacted by President Obama last week to extend the tax cuts of President George W. Bush includes a number of provisions of importance to real estate, but it also leaves...
December 22, 2010

Another Challenge to the Mortgage Interest Deduction

By Brian Summerfield, Online Editor, REALTOR® Magazine When a draft version of the deficit reduction commission’s recommendations leaked to the press a few weeks ago, some observers used its release as an opportunity to pounce on the mortgage interest...
December 1, 2010

The 3.8% Tax Is Not a Real Estate Transfer Tax

By Robert Freedman, Senior Editor, REALTOR® Magazine Shortly after the federal government enacted sweeping healthcare reform earlier this year, there was considerable concern over a last-minute addition to the legislation: a 3.8 percent tax on investment income of upper-income...
November 24, 2010

The $30B Small Business Loan Law in Perspective

By Robert Freedman, Senior Editor, REALTOR® Magazine President Obama signed into law a $30 billion loan find for small business. The law also provides $12 billion in tax breaks and tries to improve existing loans to small businesses that...
September 30, 2010

In Congress, Change is Coming, but What Change?

By Robert Freedman, senior editor, REALTOR® Magazine However you look at it, the upcoming midterm elections in November will be important for real estate. Home sales and commercial real estate are still struggling, just like the broader economy. So,...
September 14, 2010

You Did It: Tax Credit, Flood Insurance Extension

By Robert Freedman, Senior Editor, REALTOR® Magazine Almost 85,000 of you sent letters to your members of Congress over the last month or so to get them to do what by any measure is the right thing to do:...
July 1, 2010