https://www.thetaxadviser.com/issues/2012/dec/clinic-story-06.htmlI don't agree with your simplistic conclusion.

This is such a simplistic view of monetary policy and of the past 100 years.

The goverment wants people to provide housing to others.Corporate tax rates were slashed and pass-through deductions were implemented in the TCJA to promote entrepreneurship and start ups.Energy-efficient tax credits exist to encourage people to go green and purchase environment-friendly goods and products.I don't need to explain why there is an abundance of oil and gas tax credits and deductions.Where you see a tax credit or deduction, a trained eye sees an opportunity.If you (or someone you hire) knows the tax code, how to read it, and how to apply it, you are able to structure your investments, businesses, and financial moves in a tax-efficient manner.So, I guess, to answer your question - in my opinion, the tax code is fair but only if you know how to navigate it.Again, this is an overly simplistic summarization.

That's all it is about simplistically. 

.- Rehab cost me 28k       - I sold it for $159k          - I profited 28k after closingNow in saying this, I hope this doesn't come off as easy or simplistic.

The people most smitten were (1) people with a product/service to sell that were able to somehow relate the product/service to his book and (2) people with a non business type background who were wowed by a few relatively simplistic business-investment concepts.

Therefore, you as the business owner pull in $3,000 profit.That's way to simplistic a model to get a reasonable picture of revenue/income expectations...Most PMs have multiple sources of revenue:- Monthly fees off gross rent- Placement fees- Maintenance fees- Renewal fees- Kickbacks from referred vendors- Etc.Even just the income on the gross monthly rentals fees will depend on:- Average rental price- Average vacancyAs for employee costs, if your revenue is low, they could be 100% or more of the gross revenue. 

$/sq.ft. is an overly simplistic method that undervalues small properties and over values large ones (relative to what's common in the area.)Tax assessor values are for tax assessment purposes.

Barry shows you, in his very simplistic fashion, why the economic crisis is not really a money issue, but an accounting issue.

Socialism will never be in trouble as long as those who want something for nothing can vote, those who are swayed by simplistic slogans can vote, and those with nothing to lose can vote.I honestly think voting should be a privilege that is earned in some fair way, rather than a right.