Tax break for the 1% in the stimulus bill March 29, 2020 9:11 am by IWB by navagrey www.cnn.com/2020/03/28/opinions/stimulus-bill-tax-break-for-1-mccaffery/index.html …our rich taxpayer couple — and this applies only for individuals, not corporations — can now deduct an unlimited amount of “excess losses” in real estate against income from other sources Calls on rich people with real estate. We are primarily funded by readers. Please subscribe and donate to support us! EDIT: The actual document. Section 2304 starts on page 196 EDIT 2: NY Times article. Not behind a paywall. www.nytimes.com./2020/03/26/business/coronavirus-real-estate-investors-stimulus.html A draft congressional analysis this week found that the change is the second-biggest tax giveaway in the $2 trillion stimulus package. A separate provision in the stimulus bill, which removes restrictions on losses that people can carry over from previous years, would make the tax break even more lucrative.