"I don't think most Americans understand that, for certain very wealthy people, our federal income tax system is a subsidy system that makes them richer."

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If you're a full-time manager of your own property - and full-time, according to Congress, is 15 hours a week - you can take unlimited depreciation and use it to offset your income from other areas and pay little in tax. One of the biggest real estate tax lawyers in New York said to me, if you're a major real estate family and you're paying income taxes, you should sue your tax lawyer for malpractice.

— Hillary Clinton