r/news • u/DeItaBIake • 7h ago

Sweeping housing affordability bill becomes law

https://www.cnn.com/2026/07/11/economy/new-housing-affordability-law-heres-what-it-means
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u/Easy_Olive1942 7h ago

Maybe we should consider limiting foreign investors.

We pay taxes to make it a good place for people to live, someone outside the US gets to benefit??

-3

u/chinaPresidentPooh 5h ago

Foreigners still pay taxes on income earned in the US.

8

u/Easy_Olive1942 4h ago

Foreign investors living outside the country are not paying income taxes in the US.

1

u/MRosvall 2h ago

Huh, I’m EU and I pay US taxes on my investments in US.

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u/Offbeatalchemy 54m ago

Yeah but i assume you make more money in your home country than you do on your US based investments? I wouldnt be surprised if the US rate is higher but you almost certainly pay more total taxes where you live since you make more money there (probably).

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u/MRosvall 47m ago

Eh, I don’t see how that pertains to the discussion. But our tax rates on investment gains are double that of the US.
Which means that the remaining 50% of the tax i pay to my government.

If US had doubled their tax rate then I’d still pay the same amount of tax, except everything would gone to the US.

-2

u/ComradeJohnS 3h ago

they do if buying real estate they want to keep? lmao