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☆ Op-ed: There's a potential tax increase coming. Here's what you need to know
  + stars: | 2024-04-15 | by ( Ivory Johnson | ) www.cnbc.com   time to read: +5 min
Eva-katalin | E+ | Getty ImagesIt is common folklore, a fairy tale of sorts, that middle-class Americans received perpetual relief in the Tax Cuts and Jobs Act of 2017. First, property taxes generate 32% of state and local income, and U.S. median single-family home property taxes have risen by more than 25% since 2019. Congress will be motivated to etch all the tax cuts in stone, but it would only add fuel to the debt bonfire. watch nowThere is also the qualified business income deduction that offers a 20% tax break for small businesses provided they are below certain income thresholds. All of this is in addition to crippling cost-of-living challenges from excessive government spending, the well our Treasury would have to revisit to make these tax cuts permanent.
Persons: Eva, katalin, he's, Peter G, Uncle Sam, Roth, depreciate — Organizations: Taxation, Economic, Peterson Foundation, Chamber, Commerce, Treasury, Hope Congress, Real, IRS Locations: U.S, United States
☆ 'Selling Sunset' star Jason Oppenheim shares what he looks for when buying a new home and his top advice for buyers in 2023
  + stars: | 2022-12-19 | by ( Dorothy Cucci | ) www.businessinsider.com   time to read: +9 min
He says low inventory won't change anytime soon and that homes sitting on the market are often hidden gems. This as-told-to essay is based on a conversation with Jason Oppenheim, president and founder of The Oppenheim Group and star of Netflix's 'Selling Sunset.' Low inventory plus high demand equals higher prices; low inventory plus low demand (which we have now) creates a balance. In a low inventory market, you usually have to give up a few items on your wish list. If you're a seller in a big city, you're gonna have to be patient, but there's going to be decent demand.
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