CALL FOR ACTION: Proposed tax reforms could raise taxes on middle class homeowners
In case you missed it, Congress is threatening to eliminate tax incentives, which are critical for a strong housing market! Homeownership is the bedrock of our industry and we need to make sure any tax reform legislation protects middle class homeowners.
- Did you know that American homeowners already pay 83% of all federal income taxes?
- Did you know that some of the tax reforms under discussion could result in a drop of more than 10% in home values?
- Did you know that after the 1986 Tax Reform Act property values in the commercial sector dropped significantly, negatively impacting state and local tax revenue?
- Did you know that home-owning families with incomes from $50,000 to $200,000 could face average tax hikes of $815 in the year after enactment?
TELL CONGRESS – Do not raise taxes on middle class homeowners in order to cut taxes for corporations. Click the image above to let you voice be heard.