Aspen, Colorado is known throughout the world for its idyllic landscape, world-class skiing, and hourly Mariah Carey sightings. It’s an amazing place to live, assuming, of course, you can afford it.
You see, the ol’ 81611 is one of the more expensive zip codes in America; if you want a piece of dirt within the city limits, it’s going to cost you well over seven digits. This is precisely why people like me are stuck living 15 miles away in a middle-class haven, content to rub elbows with the stars only as a visitor, never a neighbor.
Doing business in Aspen is no cheaper; rents are painfully high for commercial space. And when that’s the case, the best business to be in is usually that of a landlord. But being a landlord is hard work; you must constantly deal with late hours and annoying tenants.
But what if someone told you that as a landlord, you could pocket a lot more of your hard-earned money, if you’re only willing to make one concession: work less.
Well, that appears to be exactly what HR 1, the tax proposal released by House Republicans last week, is asking you to do.
Authored by Tony Nitti, Withum Partner and writer for Forbes.com.