Bahahahaa! Trump's screws homeowners over - Wall Street Journal

[jc456]

Friend of mine who lives in NY said Trump's tax reform raised his property taxes $4000.

You know homeowners don't pay a federal property tax don't you?

Here, I don't have the time to explain it to you:

Snip:

"Residents in New York, like others around the country, are rushing to file because the new tax code, signed into law last week, limits the amount of state and local taxes people can deduct on their federal returns, according to Donald Clavin, town receiver of taxes in Hempstead, New York. The change could cost some homeowners, especially those in high-tax states, thousands of dollars.""""
:
Snip:
“For weeks, many of us have bemoaned the Republican tax bill for a host of reasons. But high on the list was how punitive it is to high-cost, "blue" states and counties like ours,” Montgomery County Councilmember Roger Berliner, who proposed the bill, said in a statement Tuesday. “Capping the deduction for state and local taxes at $10,000 will take thousands of dollars out of the pockets of a big chunk of our residents, almost 40 percent of whom itemize their deductions today."""

Residents in high-tax states rush to file property taxes before new rules take effect

Trump did not raise anyone's property taxes. The state charges these property taxes. If the residents don't like paying those taxes, take it up with the state and get them lowered. The more valuable the property, the more tax is paid. You are crying about a bunch of rich people having to finally pay their fair share.

I can't believe this. Can't you fucking read? Trump raised property taxes by putting a cap on what can be deducted on their federal and state returns.
THIS OVERRIDES state laws and has nothing to do with state and local taxation.

Just learn to read and then you won't be making such stupid posts like this.

it overrides state laws how exactly? what does deducting from your federal taxes have to do with how your local taxes are derived? dude, when you go in all stupid, you go all in.

 

[jc456]

Friend of mine who lives in NY said Trump's tax reform raised his property taxes $4000.

You know homeowners don't pay a federal property tax don't you?

Here, I don't have the time to explain it to you:

Snip:

"Residents in New York, like others around the country, are rushing to file because the new tax code, signed into law last week, limits the amount of state and local taxes people can deduct on their federal returns, according to Donald Clavin, town receiver of taxes in Hempstead, New York. The change could cost some homeowners, especially those in high-tax states, thousands of dollars.""""
:
Snip:
“For weeks, many of us have bemoaned the Republican tax bill for a host of reasons. But high on the list was how punitive it is to high-cost, "blue" states and counties like ours,” Montgomery County Councilmember Roger Berliner, who proposed the bill, said in a statement Tuesday. “Capping the deduction for state and local taxes at $10,000 will take thousands of dollars out of the pockets of a big chunk of our residents, almost 40 percent of whom itemize their deductions today."""

Residents in high-tax states rush to file property taxes before new rules take effect

Trump did not raise anyone's property taxes. The state charges these property taxes. If the residents don't like paying those taxes, take it up with the state and get them lowered. The more valuable the property, the more tax is paid. You are crying about a bunch of rich people having to finally pay their fair share.

I can't believe this. Can't you fucking read? Trump raised property taxes by putting a cap on what can be deducted on their federal and state returns.
THIS OVERRIDES state laws and has nothing to do with state and local taxation.

Just learn to read and then you won't be making such stupid posts like this.

Can you possibly become any dumber?

i didn't think that was possible and there he is!! full stupid all in.

 

[jc456]

Friend of mine who lives in NY said Trump's tax reform raised his property taxes $4000.

You know homeowners don't pay a federal property tax don't you?

Here, I don't have the time to explain it to you:

Snip:

"Residents in New York, like others around the country, are rushing to file because the new tax code, signed into law last week, limits the amount of state and local taxes people can deduct on their federal returns, according to Donald Clavin, town receiver of taxes in Hempstead, New York. The change could cost some homeowners, especially those in high-tax states, thousands of dollars.""""
:
Snip:
“For weeks, many of us have bemoaned the Republican tax bill for a host of reasons. But high on the list was how punitive it is to high-cost, "blue" states and counties like ours,” Montgomery County Councilmember Roger Berliner, who proposed the bill, said in a statement Tuesday. “Capping the deduction for state and local taxes at $10,000 will take thousands of dollars out of the pockets of a big chunk of our residents, almost 40 percent of whom itemize their deductions today."""

Residents in high-tax states rush to file property taxes before new rules take effect

Trump did not raise anyone's property taxes. The state charges these property taxes. If the residents don't like paying those taxes, take it up with the state and get them lowered. The more valuable the property, the more tax is paid. You are crying about a bunch of rich people having to finally pay their fair share.

I can't believe this. Can't you fucking read? Trump raised property taxes by putting a cap on what can be deducted on their federal and state returns.
THIS OVERRIDES state laws and has nothing to do with state and local taxation.

Just learn to read and then you won't be making such stupid posts like this.

it overrides state laws how exactly? what does deducting from your federal taxes have to do with how your local taxes are derived? dude, when you go in all stupid, you go all in.

yo, 2020 I'm waiting? get it?

 

[OKTexas]

Friend of mine who lives in NY said Trump's tax reform raised his property taxes $4000.

LMAO, he lied. The feds don't control property taxes in a State.


.

Another dumbass who can't even read three lines into a paragraph.
I posted from three separate sources: WSJ, Bloomberg and ABC News
And all of you idiots just want to keep that wet paper bag over your head and hope it doesn't fall off.

You're a dumbass that doesn't know that the State taxes aren't being changed, their deductibility is being changed. Just like they stopped allowing interest paid on credit cards to be deducted years ago. That didn't increase the interest paid.


.

 

[Crixus]

Friend of mine who lives in NY said Trump's tax reform raised his property taxes $4000.

What your friend needs to do is maybe take a look at how his state people are spending money then. His states high taxes are not anyone’s problem but his. He can buck up and pay, or he can move. Either way no one really cares.

 

[miketx]

See folks, you really DID want to know what was in that tax bill before it passed.


Homeowners Rush to Prepay 2018 Property-Tax Bills
Filers line up at municipal offices before the GOP law kicks in; ‘It’s been insane here’
By
David Harrison and

Jennifer Levitz
Updated Dec. 26, 2017 7:57 p.m. ET

Homeowners across the nation are rushing this week to prepay their property taxes for 2018 before the Republican tax law kicks in Jan. 1 and effectively raises the levy on higher-end homes.

The new legislation, which President Donald Trump signed into law last week, caps at $10,000 the amount of state and local taxes that filers can deduct from their federal tax bill. That means those whose tax bills regularly exceed that amount could benefit by paying more tax in 2017, when the deduction has no limit."""""

Homeowners Rush to Prepay 2018 Property-Tax Bills

Another bald faced lie. Property taxes are local.

 

[GHook93]

Friend of mine who lives in NY said Trump's tax reform raised his property taxes $4000.

Then your friend is a dumbass. It didn’t raise property taxes, it just reduced the amount you could deduct.


Sent from my iPhone using USMessageBoard.com

 

[BluesLegend]

See folks, you really DID want to know what was in that tax bill before it passed.


Homeowners Rush to Prepay 2018 Property-Tax Bills
Filers line up at municipal offices before the GOP law kicks in; ‘It’s been insane here’
By
David Harrison and

Jennifer Levitz
Updated Dec. 26, 2017 7:57 p.m. ET

Homeowners across the nation are rushing this week to prepay their property taxes for 2018 before the Republican tax law kicks in Jan. 1 and effectively raises the levy on higher-end homes.

The new legislation, which President Donald Trump signed into law last week, caps at $10,000 the amount of state and local taxes that filers can deduct from their federal tax bill. That means those whose tax bills regularly exceed that amount could benefit by paying more tax in 2017, when the deduction has no limit."""""

Homeowners Rush to Prepay 2018 Property-Tax Bills

Oh God the irony WaitingFor2020 Is WRONG! The bill SPECIFICALLY PREVENTS people from pre-paying property taxes that are due in 2018 and deducting them on their 2017 income taxes thereby dodging the SALT caps in 2018. Next dumb ass liberal post.

 

[BluesLegend]

I see the OP has run for cover since I destroyed his fake news thread with facts.

 

[WaitingFor2020]

Friend of mine who lives in NY said Trump's tax reform raised his property taxes $4000.

LMAO, he lied. The feds don't control property taxes in a State.


.

Another dumbass who can't even read three lines into a paragraph.
I posted from three separate sources: WSJ, Bloomberg and ABC News
And all of you idiots just want to keep that wet paper bag over your head and hope it doesn't fall off.

The feds have no say in property tax rates.

Hahahaha....You idiots just keep repeating yourselves and none of you will post anything to the contrary.
Trump is fucking us over, just like we said he would.
The new law is worse than I thought, it's not just a cap on property tax deduction at $10K.
It's a combination of state, local and property COMBINED and capped at $10K.

 

[busybee01]

This is confusing, I have a nice home, my property tax doesn’t exceed $10,000. I guess I’m not rich enough...wait!! I thought the bill only helped the rich and yet they will pay more? Hmmmm....looks like the media lied to us.


Sent from my iPhone using Tapatalk

Actually the cost of housing is a very local matter. We are seeing a shortage of affordable housing in favor of high end housing. I can see young professionals in the suburbs having property tax bills over $10,000 and being essentially middle class. The number of people paying out 40% or more of their income in this country is rising and it is not just lower class people. The bill does help the rich in that it allows them to shelter their income and pay lower taxes. First of all, the carried interest deduction was retained and even Trump admits this is garbage. Then you have the pass-through rates which will allow people to shield up to 30% of their income. Also passive investors in these businesses will be able to pay the lower rate on 100% of their income. Also you have the pass-through being extended to real-estate trusts which helps Paul Ryan, Bob Corker who changed his vote to yes, and Donald Trump.

 

[WaitingFor2020]

See folks, you really DID want to know what was in that tax bill before it passed.


Homeowners Rush to Prepay 2018 Property-Tax Bills
Filers line up at municipal offices before the GOP law kicks in; ‘It’s been insane here’
By
David Harrison and

Jennifer Levitz
Updated Dec. 26, 2017 7:57 p.m. ET

Homeowners across the nation are rushing this week to prepay their property taxes for 2018 before the Republican tax law kicks in Jan. 1 and effectively raises the levy on higher-end homes.

The new legislation, which President Donald Trump signed into law last week, caps at $10,000 the amount of state and local taxes that filers can deduct from their federal tax bill. That means those whose tax bills regularly exceed that amount could benefit by paying more tax in 2017, when the deduction has no limit."""""

Homeowners Rush to Prepay 2018 Property-Tax Bills

Oh God the irony WaitingFor2020 Is WRONG! The bill SPECIFICALLY PREVENTS people from pre-paying property taxes that are due in 2018 and deducting them on their 2017 income taxes thereby dodging the SALT caps in 2018. Next dumb ass liberal post.

Sorry, BoozeLegend

With Cuomo Assist, Homeowners Rush to Soften Tax Bill’s Impact
With Cuomo Assist, Homeowners Rush to Soften Tax Bill’s Impact
"On Friday, Gov. Andrew M. Cuomo signed an executive order suspending provisions in state law that might have blocked some residents from prepaying next year’s property taxes."

Homeowners Rush to Prepay 2018 Property-Tax Bills
"""Across the Potomac River, in Montgomery County, Md., the county council held a special session Tuesday morning to pass legislation allowing residents to prepay their taxes."""

Next ignorant wingnut....

 

[BluesLegend]

Friend of mine who lives in NY said Trump's tax reform raised his property taxes $4000.

LMAO, he lied. The feds don't control property taxes in a State.


.

Another dumbass who can't even read three lines into a paragraph.
I posted from three separate sources: WSJ, Bloomberg and ABC News
And all of you idiots just want to keep that wet paper bag over your head and hope it doesn't fall off.

The feds have no say in property tax rates.

Hahahaha....You idiots just keep repeating yourselves and none of you will post anything to the contrary.
Trump is fucking us over, just like we said he would.
The new law is worse than I thought, it's not just a cap on property tax deduction at $10K.
It's a combination of state, local and property COMBINED and capped at $10K.

Another liberal half truth, here I'll finish this morons sentence for him...AND the standard deduction was nearly doubled to $12,000 for singles and $24,000 for married couples.

 

[WaitingFor2020]

Friend of mine who lives in NY said Trump's tax reform raised his property taxes $4000.

LMAO, he lied. The feds don't control property taxes in a State.


.

Another dumbass who can't even read three lines into a paragraph.
I posted from three separate sources: WSJ, Bloomberg and ABC News
And all of you idiots just want to keep that wet paper bag over your head and hope it doesn't fall off.

You're a dumbass that doesn't know that the State taxes aren't being changed, their deductibility is being changed. Just like they stopped allowing interest paid on credit cards to be deducted years ago. That didn't increase the interest paid.


.

What the fuck do you think I've posted for the last 6 pages?
I'm not posting my opinion, I'm posting the facts.
WTF have you posted except pixelated methane?

 

[BluesLegend]

See folks, you really DID want to know what was in that tax bill before it passed.


Homeowners Rush to Prepay 2018 Property-Tax Bills
Filers line up at municipal offices before the GOP law kicks in; ‘It’s been insane here’
By
David Harrison and

Jennifer Levitz
Updated Dec. 26, 2017 7:57 p.m. ET

Homeowners across the nation are rushing this week to prepay their property taxes for 2018 before the Republican tax law kicks in Jan. 1 and effectively raises the levy on higher-end homes.

The new legislation, which President Donald Trump signed into law last week, caps at $10,000 the amount of state and local taxes that filers can deduct from their federal tax bill. That means those whose tax bills regularly exceed that amount could benefit by paying more tax in 2017, when the deduction has no limit."""""

Homeowners Rush to Prepay 2018 Property-Tax Bills

Oh God the irony WaitingFor2020 Is WRONG! The bill SPECIFICALLY PREVENTS people from pre-paying property taxes that are due in 2018 and deducting them on their 2017 income taxes thereby dodging the SALT caps in 2018. Next dumb ass liberal post.

Sorry, BoozeLegend

With Cuomo Assist, Homeowners Rush to Soften Tax Bill’s Impact
With Cuomo Assist, Homeowners Rush to Soften Tax Bill’s Impact
"On Friday, Gov. Andrew M. Cuomo signed an executive order suspending provisions in state law that might have blocked some residents from prepaying next year’s property taxes."

Homeowners Rush to Prepay 2018 Property-Tax Bills
"""Across the Potomac River, in Montgomery County, Md., the county council held a special session Tuesday morning to pass legislation allowing residents to prepay their taxes."""

Next ignorant wingnut....

Go read the bill dumb ass they added very specific language in the bill anticipating this, also good luck trying to screw the IRS out of taxes due. Here let me laugh in your face

 

[busybee01]

Friend of mine who lives in NY said Trump's tax reform raised his property taxes $4000.

Trump didnt raise property taxes, you fucking idiot.
He lowered a deduction. Sorry your rich friend will have to pay his fair share

Friend of mine who lives in NY said Trump's tax reform raised his property taxes $4000.

You know homeowners don't pay a federal property tax don't you?

Here, I don't have the time to explain it to you:

Snip:

"Residents in New York, like others around the country, are rushing to file because the new tax code, signed into law last week, limits the amount of state and local taxes people can deduct on their federal returns, according to Donald Clavin, town receiver of taxes in Hempstead, New York. The change could cost some homeowners, especially those in high-tax states, thousands of dollars.""""
:
Snip:
“For weeks, many of us have bemoaned the Republican tax bill for a host of reasons. But high on the list was how punitive it is to high-cost, "blue" states and counties like ours,” Montgomery County Councilmember Roger Berliner, who proposed the bill, said in a statement Tuesday. “Capping the deduction for state and local taxes at $10,000 will take thousands of dollars out of the pockets of a big chunk of our residents, almost 40 percent of whom itemize their deductions today."""

Residents in high-tax states rush to file property taxes before new rules take effect

Trump did not raise anyone's property taxes. The state charges these property taxes. If the residents don't like paying those taxes, take it up with the state and get them lowered.

Trump did raise taxes on certain people. McConnell even admits that. The rich are not paying their fair share. Get rid of the carried interest deduction, the pass through, and the special break for real estate trusts. The upper middle class will see tax hikes.

 

[WaitingFor2020]

Friend of mine who lives in NY said Trump's tax reform raised his property taxes $4000.

LMAO, he lied. The feds don't control property taxes in a State.


.

Another dumbass who can't even read three lines into a paragraph.
I posted from three separate sources: WSJ, Bloomberg and ABC News
And all of you idiots just want to keep that wet paper bag over your head and hope it doesn't fall off.

The feds have no say in property tax rates.

Hahahaha....You idiots just keep repeating yourselves and none of you will post anything to the contrary.
Trump is fucking us over, just like we said he would.
The new law is worse than I thought, it's not just a cap on property tax deduction at $10K.
It's a combination of state, local and property COMBINED and capped at $10K.

Another liberal half truth, here I'll finish this morons sentence for him...AND the standard deduction was nearly doubled to $12,000 for singles and $24,000 for married couples.

Then they cleverly slipped in repeal of the individual health insurance mandate, too, which means that everybody's health insurance is going up, whether you're on O'care or other.

 

[BluesLegend]

LMAO, he lied. The feds don't control property taxes in a State.


.

Another dumbass who can't even read three lines into a paragraph.
I posted from three separate sources: WSJ, Bloomberg and ABC News
And all of you idiots just want to keep that wet paper bag over your head and hope it doesn't fall off.

The feds have no say in property tax rates.

Hahahaha....You idiots just keep repeating yourselves and none of you will post anything to the contrary.
Trump is fucking us over, just like we said he would.
The new law is worse than I thought, it's not just a cap on property tax deduction at $10K.
It's a combination of state, local and property COMBINED and capped at $10K.

Another liberal half truth, here I'll finish this morons sentence for him...AND the standard deduction was nearly doubled to $12,000 for singles and $24,000 for married couples.

Then they cleverly slipped in repeal of the individual health insurance mandate, too, which means that everybody's health insurance is going up, whether you're on O'care or other.

And opened the Alaska Wildlife Refuge to oil and gas drilling MAGA baby!

 

[OKTexas]

Friend of mine who lives in NY said Trump's tax reform raised his property taxes $4000.

LMAO, he lied. The feds don't control property taxes in a State.


.

Another dumbass who can't even read three lines into a paragraph.
I posted from three separate sources: WSJ, Bloomberg and ABC News
And all of you idiots just want to keep that wet paper bag over your head and hope it doesn't fall off.

The feds have no say in property tax rates.

Hahahaha....You idiots just keep repeating yourselves and none of you will post anything to the contrary.
Trump is fucking us over, just like we said he would.
The new law is worse than I thought, it's not just a cap on property tax deduction at $10K.
It's a combination of state, local and property COMBINED and capped at $10K.

There's no need for us to post anything, you've already posted everything to prove you don't fucking know how to read or comprehend a damn thing.


.

 

[DrLove]

Yep, I asked my CPA a couple of questions yesterday and he's still scratching his head. 1100 pages of muck that I'll guarantee you not one of them read (it was written by their lobbyist overlords and cobbled together).

One thing for sure - tax prep is going to cost everyone more for the next couple of years. It's a hot mess that'll take preparers more time to figure out.

The average American taxpayer is gonna be absolutely thrilled!