Ending taxes on home sales would benefit the wealthiest households most – part of a larger pattern in Trump tax plans
- Written by Beverly Moran, Professor Emerita of Law, Vanderbilt University
Not long after U.S. housing prices reached a record high this summer – the median existing home went for US$435,000 in June – President Donald Trump said that he was considering a plan to make home sales tax-free.
Supporters of the idea, introduced by U.S. Rep. Marjorie Taylor Greene as the No Tax on Home Sales Act in July, say it would...