If you think that’s bad, check out the rules for depreciation for a rental property. It turns a healthy rental income into a tax shelter
I do agree the straight-line depreciation schedules are bs. But the solution to that is a switch to a cash-flow tax like a DBCFT (ie full expensing - except for land (this is related to generating a back-door land-value-tax)) at the business level and a progressive consumption tax for individuals
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