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If you factor in certain tax provisions, much of it is indeed a giveaway.  And much of this is hidden, e.g. subsidies and regulatory waivers by local governments for "job creators" or the IRS's refusal to penalize the REITs (the entities supposedly holding all those wonderful junk mortgages) for failure to comply with the Code's trust closure deadline requirement.
by rifek on Mon Mar 14th, 2016 at 04:09:07 PM EST
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