It’s the SALT tax, stupid: Here’s why luxury home sales have surged

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It’s the SALT tax, stupid: Here’s why luxury home sales have surged Sales volume of Miami Beach homes in particular jumped 161%; agents, developers target high-tax markets to keep that going

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Instead, the use of knives in a bagel shop magically summons the tax man: In New York, the sale of whole bagels isn’t subject to. The artificial lines between necessary foodstuffs and taxable.

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It’s the SALT tax, stupid: Here’s why luxury home sales have surged While the greater housing market has experienced a nationwide slowdown, the appetite for luxury homes.

It’s the SALT tax, stupid: Here’s why luxury home sales have surgedSource: Real Deal MiamiPublished on 2019-05-27

 · While the greater housing market has experienced a nationwide slowdown, the appetite for luxury homes in Miami Beach has surged. Sellers and brokers attribute that in large part to the December 2017 federal tax overhaul , which limited the ability of taxpayers to deduct state and local taxes – dubbed SALT – from their income in 2018.