#16
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no kidding. most people moving in around here now are paying $30-60.... |
#17
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I expect to make out better than last year by the raising of the standard deduction and lowering of the tax rates.
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#18
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All of the bike industry account reps are going to be owing a substantial amount this year.
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#19
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Quite. With that it's a wash...
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#20
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Be who you are and say what you feel, because those who mind don't matter and those who matter don't mind. - Dr. Seuss |
#21
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The limousine liberals' call for everyone to pay their fair share always seems to end right about the time taxes hit the upper crust. At what point should federal handouts be cut off? $10K? $25K? $50K? |
#22
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What has always frustrated me is the medical deduction, or lack thereof. You need to go over 7.5%. That has always been a killer. House owners had it good for a while.
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#23
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Maybe my 40% marginal income tax rate is not so bad as I only pay $3500 a year in property taxes on a 1.1 million home. |
#24
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Where do you live?
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#25
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Ha, yeah that’s nothing for a house north of a mil...
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#26
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Our house is prolly worth $500,000--and our property taxes alone are north of $12k/yr--and the house is from the '60s and on the wrong side of the river. Add in the high NY state income tax, and I'm pretty sure that the big FU was directed at northeast liberals as well as Californians. The notion that we will have to pay taxes on some part of our meager income twice violates my sense of fairness--I hope there is a test case wending its way through the courts! Edit to add: Looks like a challenge is going forward, but the review of the legal basis makes it look unlikely it will succeed: https://taxfoundation.org/new-york-n...lt-limit-case/ Last edited by paredown; 01-19-2019 at 06:50 AM. |
#27
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Taxes pay for things like schools and roads and water treatment and libraries and fire departments and police and national parks and national defense and a coast guard and NOAA and NASA and even more. That stuff doesn't fund itself.
I won't go down the rabbit hole that is partisan politics but these are all good things in my eyes. |
#28
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For out of California, Prop 13: https://en.wikipedia.org/wiki/1978_C...Proposition_13 |
#29
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Are you saying that CA property taxes are different on two homes of the same value, depending on when the owner bought it?
If so, that hasn't been challenged in the courts? Quote:
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#30
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The complaint is about the tax law, and property tax deduction is that it is assumes property values are the same across the country.....Fortunately or unfortunately, $1MM gets you a mansion on 10 acres in Nebraska.....it gets you 8000 sq ft (or less) of dirt to build on in metro Seattle/Bellevue area. It seemed targeted at the coasts is all....
__________________
2003 CSi / Legend Ti / Seven 622 SLX Last edited by Ozz; 01-19-2019 at 08:04 AM. |
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