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Podcast: BiggerPockets Daily
Episode: New Proposed Tax Plan Seeks To Eliminate 1031 Exchanges by Lindsay Frankel
Description: President Biden’s proposed Budget for the Fiscal Year 2024 seeks to promote expanded access and improved affordability in healthcare and education while cutting taxes for low-income families and shrinking the deficit, but the proposed funding comes from increasing taxes on wealthy families and eliminating an important tax break for real estate investors, which Republicans will likely reject outright. Depending on your politics, you might have different views on taxation. But most Americans agree there’s an issue with the distribution of wealth in the United States, and 84% of those think the government should raise taxes on the wealthy to...