Help with the U.S Constitution

timer Asked: Dec 3rd, 2015
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Question Description

  • Describe how a federal policy affects your current or desired workplace.
  • Explain what role Congress has in establishing workplace conditions in your current or desired job.
  • My desired job is to open up my own real-estate company

Tutor Answer

School: Rice University

Thank you for the opportunity to help you with your question!

1.  The federal government carries an influence on the real estate industry through income tax policies, programs dealing with housing subsidies, reporting requirements on federal financial level, fairness in housing laws as well as disclosure laws. Taxes are the leading factor that affects real estate. They outdistance every federal action. Some of the real estate industry taxation include capital gains which especially deal with carried interest, FIRPTA which taxes foreign investors on the gains after disposal of real estate, rules that govern 1031 exchanges and corporate taxes. These taxation policies affect the real estate industry for instance; FIRPTA, targets reforms in real estate investment trusts and this will attract foreign investment to the infrastructure and development of real estate.

2.  Congress passed the OSH Act (Occupational Safety and Health Act) which assures that every working individual in the US is working in conditions that are safe and helpful. The OSH Act covers every employee except self-employed citizens. Considering the real estate company I want to start, the OSH Act will help to set the standards for my employees. OSH dictates that my responsibility is to provide my employees with jobs and working environments that do not have any recognized hazards which can cause death or physical harm. I will also be required to comply with statutory requirements that are provided by the OSH Act.

Please let me know if you need any clarification. I'm always happy to answer your questions.

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Thanks, good work

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