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Ask The Accountant: Live Q&A with Tom Wheelwright

Wealthion - Be Financially Resilient

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Do Taxes Actually Input Price in the Pressure?

The 2017 tax act that Trump and the Republicans enacted put huge upward pressure on housing, especially multifamily housing. Now you have people buying a solar that would never bought solar before all because of the tax benefits. You can actually go back and document that Adam. If you look at when Ford, for example, raised its prices by six to $8,000. That's a $7,500 credit. Okay. So that it's two sides of it. Got a lot more housing built, but at the same time, it put upwards pressure on the prices. so you always have that tax stimulus effect.

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