If you enjoy the forum please consider supporting it by signing up for a NES Membership The benefits pay for the membership many times over.
Be sure to enter the NES/MFS May Giveaway ***Canik METE SFX***
(first year both kids out of the house and not defendants)
(first year both kids out of the house and not defendants)
waaaaWell, no.
The big change that hit a lot of people - including my family - was the SALT deduction limitation.
No it doesn't. It falls back on "did you owe" or "did you get a refund" nonsense.https://lifehacker.com/you-probably-got-a-tax-cut-even-if-it-doesnt-feel-like-1834046892
This explains the tax situation
You're going to un-Bernie?Our new plan is to be out of our NH house in 2.5 years max, sell our small home in Florida, and keep the big one in Florida.
waaaa
you can't deduct your huge property tax bill on that house you are able to own. why should people unable to afford a house supplement your home ownership by giving you a deduction? why should anyone with kids get a tax break? that's like a hidden welfare system. both help with "redistribution" of money.
waaaa
you can't deduct your huge property tax bill on that house you are able to own. why should people unable to afford a house supplement your home ownership by giving you a deduction? why should anyone with kids get a tax break? that's like a hidden welfare system. both help with "redistribution" of money.
I don't want anyone supplementing "my tax burden." I choose to rent. It's a wonderful thing for this point in our life actually. Without deductions for real estate taxes and mortgages, rents would conceivably increase. And the child tax credits (I'm not giving back the ones we took in the past either, or those mortgage deductions) are unfair as well. Also unfair, the share of taxes that go to public schools. We have 1 son who mostly was home schooled or went to private school. Why should I have paid taxes that went to public schools when he wasn't going or now that he is out of school?I would counter by saying, 'Waaaa, you expect people who bought homes with money they already paid taxes on to supplement your tax burden because you rent?'
Even though I won't be giving my kid tax breaks back, LOL, I can't argue at all that it's fair that I get a break for the kids. It is a little bit like a hidden welfare system and not really a fair distribution of the tax burden. That said, anything but a flat income tax is unfair and being in a higher bracket is another unfair redistribution of money.
I don't want anyone supplementing "my tax burden." I choose to rent. It's a wonderful thing for this point in our life actually. Without deductions for real estate taxes and mortgages, rents would conceivably increase. And the child tax credits (I'm not giving back the ones we took in the past either, or those mortgage deductions) are unfair as well. Also unfair, the share of taxes that go to public schools. We have 1 son who mostly was home schooled or went to private school. Why should I have paid taxes that went to public schools when he wasn't going or now that he is out of school?
The ENTIRE TAX SYSTEM is a REDISTRIBUTION of WEALTH system. I would be more in favor of a consumption tax with some things exempt, like uncooked food. You buy a house, maybe you pay a 1 time tax, but not annual property taxes. Buy a car, pay a tax. ONE TIME. But the bottom line is that those taxes should only go to essential services, like a military to DEFEND the US (not waging wars across the globe).