Although much of the furor over the proposed tax reform plan from the Republican-led House has focused on the reduction to the cap for the mortgage interest tax deduction, it is the proposed changes in capital gains that may make the biggest difference.
- In the House’s proposed tax plan, it’s the capital gains that may make the biggest difference, rather than the MID. For the ultra-luxury market, the $10 million-plus range, the tax plan is a boon.
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