@sidekickin you can read this..........https://scholarship.law.duke.edu/cgi/viewcontent.cgi?article=6676&context=faculty_scholarship for starters.
Most of the tax breaks in the code are put there by the elected folks in congress who are lobbied.....HARD....by special interest groups and the real estate lobby is strong and huge....one of the largest. The way congress raises more revenue through the tax code is by a combination of raising tax rates and compressing tax brackets AND ALSO by sneakily eliminating various tax deductions and credits. So you get your cost recovery deduction thanks to the RE lobby and they take it back by reducing your basis and recapture.
