… policy because if I develop apartments and I hold those apartments and I sell those apartments well, I get taxed at capital gains rates, long term capital gains rates. But If I build a single family home, then I get taxed at ordinary income rates. So there may be things that we can do from a tax standpoint at the federal level, but a lot of the issues with housing are really more at the state level. (13:15–13:22)
CLAIM
Asserts that single-family home builders are taxed at ordinary income rates.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
