The most prestigious law school admissions discussion board in the world.
|
 |
 
|
Capping mortgage interest deduction will at most costs someone $7k a year
Poast new message in this thread
Date: November 2nd, 2017 4:20 PM Author: Contagious resort pozpig This is being completely overblown. At most it'll cost someone $7,000 a year.
$500,000 loan is still taxable. Over a $1,000,000 wasn't before. So that's an increase of at most $500,000 worth of a loan whose interests you can't deduct.
At 4% a year that's $20,000 that you could previous deduct and now cannot. At 35% bracket that's $7,000.
It'll go down every year after over the life of the loan as interest becomes a smaller portion of payment. |
Date: November 2nd, 2017 4:21 PM Author: sapphire mind-boggling market water buffalo you can try explaining that to home owning proles until you're blue in the face, but it'll still be wildly unpopular if you fuck with it (http://www.autoadmit.com/thread.php?thread_id=3783536&forum_id=2#34589685) |
 |
Date: November 2nd, 2017 4:23 PM Author: Contagious resort pozpig LJL proles hear $500,000 still allowed and don't GAF.
This is to the people like Earl and Nutella losing their shit. |
|
Date: November 2nd, 2017 4:25 PM Author: mildly autistic galvanic space police squad So mortgages under $500k still get the deduction? (http://www.autoadmit.com/thread.php?thread_id=3783536&forum_id=2#34589720) |
|
Date: November 2nd, 2017 4:26 PM Author: Contagious resort pozpig yes. And larger mortgages get it until the $500,000 amount (http://www.autoadmit.com/thread.php?thread_id=3783536&forum_id=2#34589740) |
|
Date: November 2nd, 2017 4:28 PM Author: mildly autistic galvanic space police squad Awesome. Fuck no money down mortgages over 500k. (http://www.autoadmit.com/thread.php?thread_id=3783536&forum_id=2#34589763) |
|
Date: November 2nd, 2017 4:27 PM Author: Histrionic corner internal respiration Correct. (http://www.autoadmit.com/thread.php?thread_id=3783536&forum_id=2#34589750) |
|
Date: November 3rd, 2017 9:36 AM Author: lavender aphrodisiac native (http://www.autoadmit.com/thread.php?thread_id=3783536&forum_id=2#34594660) |
|
Date: November 2nd, 2017 4:25 PM Author: at-the-ready whorehouse only on xo can proles have 7 figure mortgages (http://www.autoadmit.com/thread.php?thread_id=3783536&forum_id=2#34589714) |
|
Date: November 2nd, 2017 4:28 PM Author: Charismatic Pea-brained Personal Credit Line (http://www.autoadmit.com/thread.php?thread_id=3783536&forum_id=2#34589755) |
|
Date: November 2nd, 2017 4:28 PM Author: Charismatic Pea-brained Personal Credit Line Prole is a mindset, not a paycheck (http://www.autoadmit.com/thread.php?thread_id=3783536&forum_id=2#34589758) |
|
Date: November 2nd, 2017 4:32 PM Author: at-the-ready whorehouse (graduate degree holding barista) (http://www.autoadmit.com/thread.php?thread_id=3783536&forum_id=2#34589789) |
|
Date: November 3rd, 2017 1:11 AM Author: Canary know-it-all scourge upon the earth public bath (http://www.autoadmit.com/thread.php?thread_id=3783536&forum_id=2#34593555) |
|
Date: November 2nd, 2017 4:27 PM Author: beta stage gaping it's the realtor associations making the biggest noise. we shouldnt be incentivizing taking out these ridiculous mortgages. we should ban or severely limit foreign ownership of US assets including residential properties (http://www.autoadmit.com/thread.php?thread_id=3783536&forum_id=2#34589744) |
|
Date: November 2nd, 2017 5:38 PM Author: translucent disturbing antidepressant drug foreskin >> we should ban or severely limit foreign ownership of US assets including residential properties <<
mfcr |
|
Date: November 3rd, 2017 10:53 AM Author: embarrassed to the bone partner cuckold (patriotic American taking cues on property rights from mexico and china) (http://www.autoadmit.com/thread.php?thread_id=3783536&forum_id=2#34595206) |
|
Date: November 2nd, 2017 4:25 PM Author: swashbuckling parlor rigor Bigger issues are:
1) elimination of personal exemptions, which will hurt families with 3 or more kids
2) elimination of state/local income tax deduction
3) capping property tax deduction at $10k, which is only 1/3 of my property taxes.
This plan is a big fuck you to the UMC. |
|
Date: November 2nd, 2017 4:26 PM Author: Razzmatazz Chad Puppy The one group in America nobody gives a fuck about. Seems like they set it up right lol (http://www.autoadmit.com/thread.php?thread_id=3783536&forum_id=2#34589733) |
|
Date: November 2nd, 2017 4:29 PM Author: Diverse Fishy Hell (http://www.autoadmit.com/thread.php?thread_id=3783536&forum_id=2#34589771) |
|
Date: November 2nd, 2017 4:30 PM Author: Contagious resort pozpig (http://www.autoadmit.com/thread.php?thread_id=3783536&forum_id=2#34589774) |
|
Date: November 2nd, 2017 4:30 PM Author: beta stage gaping (http://www.autoadmit.com/thread.php?thread_id=3783536&forum_id=2#34589779) |
|
Date: November 2nd, 2017 4:33 PM Author: Shaky azn roommate it's definitely the group of people who will continue to eat shit and work hard regardless of how badly the govt/GC fucks with them. they'll probably start humblebragging about how tough the new regs are for them any time now. (http://www.autoadmit.com/thread.php?thread_id=3783536&forum_id=2#34589801) |
|
Date: November 2nd, 2017 4:33 PM Author: Razzmatazz Chad Puppy (guy who wasn't here this morning) (http://www.autoadmit.com/thread.php?thread_id=3783536&forum_id=2#34589812) |
|
Date: November 2nd, 2017 4:34 PM Author: Shaky azn roommate i mean actual humans, not bug ppl like earl and nutella (http://www.autoadmit.com/thread.php?thread_id=3783536&forum_id=2#34589822) |
|
Date: November 3rd, 2017 9:01 AM Author: Odious school turdskin 500k is not "upper middle class" (http://www.autoadmit.com/thread.php?thread_id=3783536&forum_id=2#34594480) |
|
Date: November 3rd, 2017 9:05 AM Author: Shaky azn roommate plenty of umc ppl have >$500K mortgages. that's the point of this thread. (http://www.autoadmit.com/thread.php?thread_id=3783536&forum_id=2#34594497) |
|
Date: November 3rd, 2017 9:08 AM Author: Odious school turdskin Sure but Earl and nutella etc are not upper middle class, they make a shit ton of money. (http://www.autoadmit.com/thread.php?thread_id=3783536&forum_id=2#34594509) |
|
Date: November 3rd, 2017 1:09 PM Author: Shaky azn roommate (earl/nutella joint sockpuppet) (http://www.autoadmit.com/thread.php?thread_id=3783536&forum_id=2#34596315) |
|
Date: November 2nd, 2017 5:31 PM Author: Slimy rusted keepsake machete (http://www.autoadmit.com/thread.php?thread_id=3783536&forum_id=2#34590276) |
|
Date: November 3rd, 2017 4:52 PM Author: aromatic stubborn orchestra pit useless brakes (http://www.autoadmit.com/thread.php?thread_id=3783536&forum_id=2#34597803) |
|
Date: November 2nd, 2017 4:26 PM Author: mildly autistic galvanic space police squad 1) but didn’t they raise the credit for kids from 1k to 1600k per kid? (http://www.autoadmit.com/thread.php?thread_id=3783536&forum_id=2#34589735) |
|
Date: November 2nd, 2017 4:27 PM Author: Contagious resort pozpig yes, which more than makes up for the exemption at that tax level (http://www.autoadmit.com/thread.php?thread_id=3783536&forum_id=2#34589747) |
|
Date: November 2nd, 2017 4:37 PM Author: Diverse Fishy Hell rubio's pushing to get that number up too could be yuge for kidmos |
|
Date: November 2nd, 2017 4:54 PM Author: swashbuckling parlor rigor The child tax credit is only for poors, eligibility phases out around 150k. (http://www.autoadmit.com/thread.php?thread_id=3783536&forum_id=2#34589993) |
|
Date: November 2nd, 2017 4:57 PM Author: Diverse Fishy Hell not anymore proposed rules say it doesn't START to phase out till 230k HHI for married joint filers |
|
Date: November 3rd, 2017 9:24 AM Author: lavender aphrodisiac native (http://www.autoadmit.com/thread.php?thread_id=3783536&forum_id=2#34594576) |
|
Date: November 2nd, 2017 4:28 PM Author: Diverse Fishy Hell bumped up child/dependent tax credits with increase phase out starting lines will offset personal exemption loss in a lot of cases tho (http://www.autoadmit.com/thread.php?thread_id=3783536&forum_id=2#34589757) |
|
Date: November 2nd, 2017 4:55 PM Author: swashbuckling parlor rigor Not if you make biglaw salary, no. (http://www.autoadmit.com/thread.php?thread_id=3783536&forum_id=2#34589996) |
|
Date: November 2nd, 2017 4:59 PM Author: Diverse Fishy Hell yes if u make biglaw salary. phaseout level is way up - haven't seen max limit for full phaseout yet but it allegedly starts phasing at 230k for joint filers under new plan (http://www.autoadmit.com/thread.php?thread_id=3783536&forum_id=2#34590022) |
|
Date: November 2nd, 2017 5:06 PM Author: swashbuckling parlor rigor If so, a family with 3 kids would still only get 3 child tax credits, versus 5 personal exemptions. (http://www.autoadmit.com/thread.php?thread_id=3783536&forum_id=2#34590073) |
|
Date: November 2nd, 2017 5:17 PM Author: Diverse Fishy Hell 4050*.15 = 607 ; x5 = 3k 4050*.25 = 1012 ; x5 = 5k 4050*.28 = 1134 ; x5 = 5.6k 4050*.33 = 1336 ; x5 = 6.7k 4050*.35 = 1417 ; x5 = 7k
1600*3 = 4.8k
minimal difference for anyone but UMC, benefit to working class. and that's ignoring the fact that the personal exemption phases out for high earners anyway. not seeing an issue here. |
|
Date: November 2nd, 2017 5:42 PM Author: swashbuckling parlor rigor K, thanks for validating my point since I was talking about UMC. (http://www.autoadmit.com/thread.php?thread_id=3783536&forum_id=2#34590348) |
|
Date: November 2nd, 2017 4:28 PM Author: Contagious resort pozpig Correction: It was a big fuck you to the UMC in California and NY. People in state's without absurd housing costs and state taxes won't be hurt.
And I think all SALT, including both property and income, are included in the $10,000 cap.
Your post illustrates the problem people have with analyzing this: you take one thing that on the surface seems bad, and don't analysis within the framework of bill as a whole, leading to incorrect conclusions like yours with the personal exemptions. |
|
Date: November 2nd, 2017 4:58 PM Author: swashbuckling parlor rigor 1) You're wrong, SALT is gone under the current bill, the $10k cap applies only to property taxes (which, again, still fucks people in NY/CA.
2) What have I failed to analyze here? The bill removes a shitload of deductions and lowers the brackets by only about 2%. It's obviously going to be a huge tax increase on NY/CA biglawyers. |
|
Date: November 2nd, 2017 5:24 PM Author: Diverse Fishy Hell now i'm just a simple country inhouse lawyer, but i think u have failed to analyze that nobody in the entire country feels bad for NY and CA biglawyers except NY and CA biglawyers (http://www.autoadmit.com/thread.php?thread_id=3783536&forum_id=2#34590230) |
|
Date: November 2nd, 2017 5:31 PM Author: swashbuckling parlor rigor This was once a bort for NY and CA biglawyers. (http://www.autoadmit.com/thread.php?thread_id=3783536&forum_id=2#34590275) |
|
Date: November 2nd, 2017 5:35 PM Author: Diverse Fishy Hell well idk much about all those high-falutin big city taxes but earl and nutella can commiserate with u at least
|
|
Date: November 2nd, 2017 5:24 PM Author: razzle nubile indian lodge lol WTF? My annual prop taxes are 2400 (http://www.autoadmit.com/thread.php?thread_id=3783536&forum_id=2#34590229) |
|
Date: November 2nd, 2017 4:29 PM Author: Appetizing naked site organic girlfriend That’s what I get for taking big lol in a big city. If I would have stayed on the farm and been a city prosecutor I could go home at 5 and hang out with my kids in a 6000 sf mansion that I bought for $500,000. Instead I work all night so I can pay to uber home to the overpriced shithole I rent in the suburbs because any house I can afford in dc has bullets flying over it. (http://www.autoadmit.com/thread.php?thread_id=3783536&forum_id=2#34589769) |
|
Date: November 2nd, 2017 4:31 PM Author: beta stage gaping but at least your law school classmates that you never talk to anymore didnt judge you harshly after 2L OCI so it was all worth it (http://www.autoadmit.com/thread.php?thread_id=3783536&forum_id=2#34589783) |
|
Date: November 2nd, 2017 5:22 PM Author: passionate private investor lodge damn (http://www.autoadmit.com/thread.php?thread_id=3783536&forum_id=2#34590213) |
|
Date: November 2nd, 2017 5:36 PM Author: deranged lemon school cafeteria This is great. I’ve seen less than 5 of my classmates practicing law the wild. (http://www.autoadmit.com/thread.php?thread_id=3783536&forum_id=2#34590304) |
|
Date: November 3rd, 2017 9:21 AM Author: lavender aphrodisiac native (http://www.autoadmit.com/thread.php?thread_id=3783536&forum_id=2#34594560) |
|
Date: November 2nd, 2017 4:31 PM Author: Contagious resort pozpig If you are a singlemo making around $250,000 (and don't own a home) you won't be hurt much if at all. (http://www.autoadmit.com/thread.php?thread_id=3783536&forum_id=2#34589785) |
|
Date: November 2nd, 2017 4:33 PM Author: Appetizing naked site organic girlfriend I’m a marriage penalty pwnd dude with kids and a household income of like 450. (http://www.autoadmit.com/thread.php?thread_id=3783536&forum_id=2#34589803) |
|
Date: November 2nd, 2017 4:34 PM Author: Contagious resort pozpig I think you'll be fine. (http://www.autoadmit.com/thread.php?thread_id=3783536&forum_id=2#34589823) |
|
Date: November 2nd, 2017 4:59 PM Author: swashbuckling parlor rigor No, if he's in a high-tax state and owns a home, he's fuct. (http://www.autoadmit.com/thread.php?thread_id=3783536&forum_id=2#34590023) |
|
Date: November 2nd, 2017 5:08 PM Author: Diverse Fishy Hell he said he rents. he may see an increase, but it wouldn't be a very large one. (http://www.autoadmit.com/thread.php?thread_id=3783536&forum_id=2#34590095) |
|
Date: November 2nd, 2017 5:00 PM Author: boyish tantric volcanic crater sanctuary This plus the state and local deduction going away just means this tax decrease is actually a tax increase. People don't like being lied to. Trump will be voted out on his ass and hopefully sent to Russia where my boys will do some 180 things to his rectum for abandoning Vlad. (http://www.autoadmit.com/thread.php?thread_id=3783536&forum_id=2#34590031) |
|
Date: November 2nd, 2017 5:02 PM Author: mildly autistic galvanic space police squad Sorry, Brooklyn bro, but proles in are country aren’t taking out $500k+ mortgages on homes and aren’t paying more than 10k/yr in state and local axes. (http://www.autoadmit.com/thread.php?thread_id=3783536&forum_id=2#34590042) |
|
Date: November 2nd, 2017 5:19 PM Author: glittery prole faggotry A dude I went to high school with killed another dude's younger brother over a $1200 debt, and you're talking about $7,000.00. By my calculations, that's the value of 5.83 little brother murders.
|
|
Date: November 2nd, 2017 5:22 PM Author: mildly autistic galvanic space police squad I suspect those dudes don’t have mortgages over 500k. (http://www.autoadmit.com/thread.php?thread_id=3783536&forum_id=2#34590218) |
|
Date: November 2nd, 2017 5:23 PM Author: glittery prole faggotry I suspect not (http://www.autoadmit.com/thread.php?thread_id=3783536&forum_id=2#34590224) |
|
Date: November 2nd, 2017 5:38 PM Author: deranged lemon school cafeteria Plus a blue sky value to intangibles like deterrence and ill will. (http://www.autoadmit.com/thread.php?thread_id=3783536&forum_id=2#34590322) |
|
Date: November 3rd, 2017 10:59 AM Author: embarrassed to the bone partner cuckold (http://www.autoadmit.com/thread.php?thread_id=3783536&forum_id=2#34595261) |
|
Date: November 2nd, 2017 5:37 PM Author: Alcoholic telephone address It is the cumulative impact, as mentioned above. $7k for this, whatever the state tax is, etc. means a lot of UMC people in major cities are about to be totally fucked. (http://www.autoadmit.com/thread.php?thread_id=3783536&forum_id=2#34590319) |
|
Date: November 2nd, 2017 9:37 PM Author: dull boiling water lol, a truckload of 'UMC' families are high-debt GC jockeys who take out high interest shitty loans left and right and blow money on ridiculous bullshit like leasing luxury SUVs. the same dudes crying and pounding their fists over losing a tax break probably spend $6K a year on jimmy johns and shitty microbrews. tighten your belts a half notch you fucking whiny faggots.
but they'll act like not getting a tax cut on their retardedly ill-advised mortgage is some kind of death blow to their future. and there, ladies and gentleman, is why 'fiscal policy' in this country is a joke. we all live happy, abundant lifestyles if we make living wages in our respective cities. but modestly compromise our BOOMER STYLE retirement la la land real estate retirement stashes? THIS WAR ON WORKING FAMILIES MUST END STOP STEALING MY MONEY AND GIVING IT TO POORS.
can't please them all but fucking LOL at these shit-sniffing self-important lawyers screaming about how they're going under because of a modest shift in tax policy. if your income and equity holdings are at the level where you actually feel this, then you 're supposed to be smart and frugal enough that you can easily weather a change in tax policy that tremendously benefits the middle class, a populist sentiment that this place largely claims to support. instead everybody is screeching to the high hills about MY MONEY while their ugly tiger mommy wives sit around fingering their $23K engagement rings like that was some kind of essential use of resources. there is truly no pleasing these malcontent homos. |
|
Date: November 2nd, 2017 9:45 PM Author: Diverse Fishy Hell (http://www.autoadmit.com/thread.php?thread_id=3783536&forum_id=2#34592042) |
|
Date: November 2nd, 2017 9:55 PM Author: beta stage gaping subscribed (http://www.autoadmit.com/thread.php?thread_id=3783536&forum_id=2#34592138) |
|
Date: November 2nd, 2017 9:58 PM Author: Contagious resort pozpig Absolutely devastating (http://www.autoadmit.com/thread.php?thread_id=3783536&forum_id=2#34592156) |
|
Date: November 2nd, 2017 9:59 PM Author: Awkward candlestick maker travel guidebook lol (http://www.autoadmit.com/thread.php?thread_id=3783536&forum_id=2#34592166) |
|
Date: November 3rd, 2017 8:21 AM Author: aquamarine 180 cruise ship Yup, if everyone was just fiscally responsible it would be no big deal that the government is raping the fiscally responsible people to fund tax breaks for billionaires and degenerates. (http://www.autoadmit.com/thread.php?thread_id=3783536&forum_id=2#34594394) |
|
Date: November 3rd, 2017 9:05 AM Author: Odious school turdskin Haha yeah upper middle class is the heart and soul of America the best people! (http://www.autoadmit.com/thread.php?thread_id=3783536&forum_id=2#34594498) |
|
Date: November 3rd, 2017 8:28 AM Author: vermilion dopamine dysfunction (http://www.autoadmit.com/thread.php?thread_id=3783536&forum_id=2#34594403) |
|
Date: November 3rd, 2017 8:30 AM Author: Mewling Exciting Theatre Sound Barrier if you had SCRIMPED and SAVED and SACRIFICED you'd have plenty of money for the government to take to give to other people so shut up (http://www.autoadmit.com/thread.php?thread_id=3783536&forum_id=2#34594407) |
|
Date: November 3rd, 2017 8:46 AM Author: mildly autistic galvanic space police squad (http://www.autoadmit.com/thread.php?thread_id=3783536&forum_id=2#34594437) |
|
Date: November 3rd, 2017 9:18 AM Author: sapphire mind-boggling market water buffalo (http://www.autoadmit.com/thread.php?thread_id=3783536&forum_id=2#34594550) |
|
Date: November 3rd, 2017 1:44 PM Author: Irradiated Property Old Irish Cottage "a change in tax policy that tremendously benefits the middle class"
I'd argue that the benefits look modest at best for them. The AMT elimination and the changes to the corporate tax rate will likely result in most of the bill's gains going to certain rich people. As a UMC lib who will inherit lots of money, I would hate an increase in my taxes, but can accept it if those above me pay a higher rate (ex. no Mitt Romney 10% bs) and the tax reform is part of a budget bill that significantly increases spending in infrastructure and scientific research. This bill is obviously nowhere near that. |
|
Date: November 3rd, 2017 4:30 PM Author: Bateful piazza Amazing, you're even more stupid and myopic than opportunistically conservative wage cuck penny pinchers like Earl and Nutella. (http://www.autoadmit.com/thread.php?thread_id=3783536&forum_id=2#34597698) |
|
Date: November 2nd, 2017 9:53 PM Author: wonderful fear-inspiring legend kitchen Oh, only seven grand. Carry on then. (http://www.autoadmit.com/thread.php?thread_id=3783536&forum_id=2#34592124) |
|
Date: November 2nd, 2017 9:59 PM Author: Contagious resort pozpig For someone that can afford a $1,000,000 home loan, this isn't very much. Unless they are spending way too much on their home and then ljl too bad for them (http://www.autoadmit.com/thread.php?thread_id=3783536&forum_id=2#34592161) |
|
Date: November 2nd, 2017 10:02 PM Author: wonderful fear-inspiring legend kitchen I can afford a 1,000,000 loan (but don’t have one) and $7k tax increase is not trivial bro. You’re totally nuts if you think it’s nbd. (http://www.autoadmit.com/thread.php?thread_id=3783536&forum_id=2#34592190) |
|
Date: November 2nd, 2017 10:09 PM Author: Contagious resort pozpig Say you make $400,000, that's like 1.8% more, like going from 35% to 36.8% marginal rate.
And this is only for first year. It starts dropping fairly quickly after that as interest payments drop. And then inflation starts kicking in and after 5-10 years it really is NBD. |
|
Date: November 3rd, 2017 8:23 AM Author: aquamarine 180 cruise ship For someone that can afford a 1,000,000 home lone, it is effectively now a $1,175,000 home lone. (http://www.autoadmit.com/thread.php?thread_id=3783536&forum_id=2#34594398) |
|
Date: November 3rd, 2017 9:49 AM Author: Contagious resort pozpig Better way to look at it is just a slightly higher interest rate.
The higher loan doesn't quite work because they are never paying back that "extra" $175,000 principal you describe. It's just extra interest that would equate to that much loan at that interest rate for that year.
That's why higher interest rate is a better way to look at it. |
|
Date: November 3rd, 2017 8:28 AM Author: aquamarine 180 cruise ship (http://www.autoadmit.com/thread.php?thread_id=3783536&forum_id=2#34594405) |
|
Date: November 2nd, 2017 9:57 PM Author: low-t striped hyena institution that plus SALT is a fucking huge deal for a lot of people. Could easily be $20K/year, which is a ~10% decrease after-tax for a family making $300K. (http://www.autoadmit.com/thread.php?thread_id=3783536&forum_id=2#34592146) |
|
Date: November 2nd, 2017 10:01 PM Author: Contagious resort pozpig A family making $300,000 a year is at most paying like $30,000 in state income tax (though this seems high even for California when you consider the lower brackets and deductions).
That's like $10,000 less after tax pay since you are losing a $30,000 deduction. |
|
Date: November 3rd, 2017 1:15 AM Author: low-t striped hyena institution okay, so 7000 + 10000 + ??? on property taxes is around 20k like i said... (http://www.autoadmit.com/thread.php?thread_id=3783536&forum_id=2#34593568) |
|
Date: November 3rd, 2017 9:50 AM Author: Contagious resort pozpig I thought you meant $20,000 alone from SALT limit (http://www.autoadmit.com/thread.php?thread_id=3783536&forum_id=2#34594763) |
|
Date: November 3rd, 2017 10:52 AM Author: low-t striped hyena institution sorry, just angry as fuck since i'm probably about to lose like $2k/month for nothing. (http://www.autoadmit.com/thread.php?thread_id=3783536&forum_id=2#34595199) |
|
Date: November 3rd, 2017 10:54 AM Author: sapphire mind-boggling market water buffalo billionaires get their tax cuts. How's that "nothing"? (http://www.autoadmit.com/thread.php?thread_id=3783536&forum_id=2#34595214) |
|
Date: November 3rd, 2017 11:22 AM Author: low-t striped hyena institution it's worse than nothing to me, honestly. (http://www.autoadmit.com/thread.php?thread_id=3783536&forum_id=2#34595512) |
|
Date: November 3rd, 2017 12:56 PM Author: Alcoholic telephone address (http://www.autoadmit.com/thread.php?thread_id=3783536&forum_id=2#34596194) |
|
Date: November 2nd, 2017 10:04 PM Author: Diverse Fishy Hell seems like it might be an opportune time to reevaluate whether the state and local taxes behind that 20k increase are worthwhile expenditures and maybe either ask elected state and local reps about whether the taxes are all that necessary, or else consider moving somewhere that doesn't require 20k in additional payments |
|
Date: November 2nd, 2017 10:06 PM Author: Contagious resort pozpig But how else will they pay for their outrageous gov't pensions and salaries?!?! (http://www.autoadmit.com/thread.php?thread_id=3783536&forum_id=2#34592217) |
|
Date: November 3rd, 2017 1:23 AM Author: beta stage gaping (http://www.autoadmit.com/thread.php?thread_id=3783536&forum_id=2#34593604) |
|
Date: November 3rd, 2017 8:11 AM Author: deranged lemon school cafeteria Truly. The BART janitor pulling $270 with OT while sleeping in a closet, that’s an important use of resources for which an outrageous pension is well-earned. (http://www.autoadmit.com/thread.php?thread_id=3783536&forum_id=2#34594369) |
|
Date: November 3rd, 2017 9:06 AM Author: Odious school turdskin So get out of California you princessy fag (http://www.autoadmit.com/thread.php?thread_id=3783536&forum_id=2#34594502) |
|
Date: November 3rd, 2017 9:19 AM Author: deranged lemon school cafeteria When you’re done with your morning smoke break, please finish wiping down your assigned urinals. (http://www.autoadmit.com/thread.php?thread_id=3783536&forum_id=2#34594551) |
|
Date: November 3rd, 2017 9:16 AM Author: lavender aphrodisiac native if you already have a million dollar mortgage you are grandfathered in. if you dont have one yet you cant really count it as a tax increase since you didn't have this deduction to start with
so the mortgage interest deduction shouldnt really be an issue. its funny nobody is talking about property tax deduction being capped at 10K which is going to be bigger issue |
|
Date: November 3rd, 2017 10:16 AM Author: stirring pervert Don’t really care about the mortgage interest deduction. I think we deducted only like $20k in mortgage interest last year. State taxes though was a $50k deduction. We cannot deduct property taxes due to amt, but it is around $15k. The amt elimination is a bit of a misnomer because so many people who normally get amt pwned won’t be once their tax burden is higher due to lack of deductions. Also we fund $5k into dependent care fsa which they want to eliminate.
My family’s looking at about $15k higher taxes per year under this plan. It’s not NBD considering we already pay over $200k to feds and state combined in taxes every year for absolutely nothing in return. Asking for another $15k a year is pretty offensive. Saying stuff like “you can afford it” is what Democrats would say.
I’ve been a republican since I was 20 years old but I thought the entire point of being a republican was fiscal conservatism, and cutting spending, not running up the deficit even further with this tax plan. And oh, thanks for failing at repealing Obamacare. |
|
Date: November 3rd, 2017 10:21 AM Author: Contagious resort pozpig I think they'd love to cut spending.... this was only way to get it passed though without fillibuster (http://www.autoadmit.com/thread.php?thread_id=3783536&forum_id=2#34594954) |
|
Date: November 3rd, 2017 10:51 AM Author: stirring pervert Well Obamacare is the definition of tax and spend and they couldn’t repeal it because a lot of republicans love the benefits it gives to some of their constitutents. So the party itself is too fractured at this point to hold to its core values.
I understand that politically speaking eliminating SALT disproportionately impacts coastal democrats while not pissing off coastal republicans enough to ever go Democrat. People like me will just take it rather than vote for kamala Harris. |
|
Date: November 3rd, 2017 10:55 AM Author: Contagious resort pozpig "So the party itself is too fractured at this point to hold to its core values."
Yup. That is the crux of the issue of not getting it passed. It's not Trump. |
|
Date: November 3rd, 2017 11:48 AM Author: sapphire mind-boggling market water buffalo yep you get "absolutely nothing" in return. Kill yourself. (http://www.autoadmit.com/thread.php?thread_id=3783536&forum_id=2#34595721) |
|
Date: November 3rd, 2017 1:12 PM Author: Bateful piazza goddamn you are such an obnoxious and typical asian striver. you sound like a modestly engaged college sophomore whenever you try to talk politics. (http://www.autoadmit.com/thread.php?thread_id=3783536&forum_id=2#34596339) |
|
Date: November 3rd, 2017 4:35 PM Author: sapphire mind-boggling market water buffalo wtf I'm not asian (http://www.autoadmit.com/thread.php?thread_id=3783536&forum_id=2#34597731) |
|
Date: November 3rd, 2017 1:15 PM Author: Startling Mauve Garrison Ape lmao get fucked (http://www.autoadmit.com/thread.php?thread_id=3783536&forum_id=2#34596357) |
|
Date: November 3rd, 2017 11:19 AM Author: Flushed marvelous locale Sarah Huckabee has been waddling around talking about how big a deal $4,000 is, but hey, $7,000 is nothing! (http://www.autoadmit.com/thread.php?thread_id=3783536&forum_id=2#34595486) |
|
Date: November 3rd, 2017 1:14 PM Author: Bateful piazza Lawyers sound like such fucking clowns when they try to discuss finance and taxes. (http://www.autoadmit.com/thread.php?thread_id=3783536&forum_id=2#34596353) |