Important information on tax reform Investors are you paying attention to what this can mean to your business

From: Barbara J.
Sent on: Monday, July 29, 2013 4:22 PM

Greetings investors, I need you to read the sample email I have below, after reading this important information regarding tax reform if you feel inclined please copy and past the sample letter below email it or mail it to Senator flake, make sure you sign your name and contact info at the bottom of the letter so it counts only send one letter but feel free to send to your database and ask them to help. This needs to be sent out immediately.

 

Senator Jeff Flake <[address removed]>

Jul 29, 2013

Senator Jeff Flake
Russell Senate Office Building, Room 368
2 Constitution Avenue, NE
Washington, DC[masked]

Dear Senator Flake,

As a real estate investor , I can tell you that the tax treatment of real
estate, whether  residential, commercial, or investment property, is an
important consideration for my clients.

I understand that as part of an effort to overhaul the federal tax
code, the leaders of the Senate Finance Committee are starting with a
"blank slate" that eliminates all deductions, credits, and
exemptions.  I also understand they are asking for your input on what
tax provisions should be maintained, modified, or improved in a
potential tax reform bill.   Now is the time for you to be a voice for
America's seventy-five million homeowners, as well as the tens of
millions of Americans who are directly or indirectly invested in
commercial real estate!

The current tax system contains many provisions that encourage real
estate ownership and investment.  Each provision deserves careful
consideration in any tax reform effort. The first rule in tax reform
should be "Do No Harm."

At the very least, I urge you to maintain, and in some cases improve,
the following provisions in any rewrite of the tax code:
The mortgage interest deduction should be preserved in its current
form and the limits indexed for inflation.
The exclusion of capital gains on the sale of a principal residence
should be preserved and the limits indexed for inflation.
The deduction for property taxes paid should be preserved.
The temporary exclusion of income from discharge of mortgage debt
(mortgage cancellation) should be made permanent.
The depreciation periods of commercial and residential buildings
should be shortened to reflect the true useful lives of these assets.
The temporary provision allowing faster write-off  for leasehold
improvements should be made permanent.
Provisions that allow for the deferral of gain on the like-kind
exchange of real property should be maintained.

Our nation's real estate markets are finally on the road to recovery.
One of the surest ways to halt this  recovery is to create uncertainty
about whether the current tax treatment  will be eliminated or impaired
for real estate owners and investors.  Congress must be mindful of the
broad impact that the overnight elimination of long-standing and widely
utilized tax provisions may have on our nation's economy.

I hope you will express your support for the vital role real estate
plays in our economy  to the leaders of the Senate Finance Committee,
as well as to your colleagues, by urging them to retain and improve
these important parts of our tax system.

Sincerely,

Place your name here
place your address here 
Place your email here

 

 

 

 

 

 

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