He could be looking at paying at ordinary rates until the max on collectibles of 28%.

@Lucas Hammer As long as all of these expenses are legitimate and ordinary business expenses associated with your business, they are eligible to be expensed.

Thoughtful design can transform ordinary materials, typical details, and minimal/no decoration into something more desirable and potentially more affordable.

The landlord may withhold from the security deposit only such amounts as are reasonably necessary for the following reasons: (1) To remedy a tenant's default in the payment of rent due to the landlord, pursuant to the rental agreement; (2) To restore the dwelling unit to its condition at the commencement of the tenancy, ordinary wear and tear excepted; or (3) To compensate the landlord for actual damages sustained as a result of the tenant's failure to give adequate notice to terminate the tenancy pursuant to law or the rental agreement; provided that the landlord makes reasonable efforts to mitigate damages. 4.

Even at a 22% bracket for ordinary income (which this would be no matter how long a flipper holds it) plus 5% state income taxes plus 15.3% self employment taxes, that leaves only $1,269 net after-tax profit on the deal.

Profits made from flipping houses is taxed at ordinary income (marginal) tax rates.- Flipping houses is no different than a business that physically buys and sells any other commodity/product.

If you've found a legitimate way to avoid UBIT in an ordinary IRA, please provide a pointer.

Lending and flipping earn ordinary income, so definitely a benefit to having an IRA coat over, just like using IRAs to hold securities that create tax events for us like REITs and MLPs. 

Then they count votes and realize they can buy a hell of a lot of votes with other people's money without even directly taking it though taxation like a common ordinary thief... er...

The part of the gain is taxed at ordinary rate max up to 25% as depreciation recapture.