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Renters: 7 Tax Deductions & Credits You May Qualify For | The Official Blog of TaxSlayer
Rent itself can't be deducted from your taxable income, but there are other tax breaks you can claim to lower your liability when you don't own a home.www.taxslayer.com
Wrong.
All Adjustable Rate Mortgages likely are deceptive and should be illegal.
But the buyers are told that the adjustable rate will be based on the economy, and they were lied to.
When the economy tanked, the adjustable mortgage rates close to doubled.
No one could afford that.
It was outright fraud and theft by the banks.
Nor did the banks have to foreclose.
The rate did not have to increase.
There was no new expense to the banks.
They could have kept things at the same profitable rates, without foreclosing.
But they wanted the defaults.
Then they got all the previous payments for free, and the buyer lost everything, including down payment.
But I would NEVER take an ARM.
They are foolish and deceptive.
It is not hard to itemize the cost of living, just as companies do with itemizing their cost of doing business.
The standard deduction is less than a third of what it actually cost to live.
That is totally unfair.
If the banks financed the mortgage with short-term money (deposits),
why don't they have a new expense when rates increase?
Wrong.
The US Prime decreased, not increased.
That is basic to understanding at all what happened, so then clearly you don't have a clue or are deliberately lying.
The sequence of events started with Bush borrowing too much for his wars, the economy tanked, the LIBOR shot up as the US Prime went down, mortgage payment almost doubled, and the banks started foreclosing when they did not have to.
That lead to all bank assets devaluing to the point the banks then needed to be bailed out.
But the banks did it to themselves.
If they had not foreclosed, then the real estate would not have devalued.
You sound like a DemocratAs a form of government, democracy sucks.
Only a useless eater like you would knowEven idiots like you can benefit from owning stock.
Indeed it does. It should be our last resort, not our first choice.As a form of government, democracy sucks.
Check it out.....Commies lied.
My first impression is she doesn't want the jobLOL, what do you think?
Any market based on ability to pay as opposed to human needs is destined to fail in any number of ways:Indeed it is. It allows for a market that attends to the needs of everyone, not just the majority.
Sure.Did you ever find where capitalism killed 5 million from lack of drinking water?
You're next.ou still whining because the commies lost?
"This month, the Vanderbilt Law Review published a 69-page paper by Saule Omarova, President Biden’s nominee to head the Office of the Comptroller of the Currency (OCC), the Federal regulator of the largest banks in the country that operate across state lines.
"The paper is titled 'The People’s Ledger: How to Democratize Money and Finance the Economy.'"
How would democratize money?
FIRE sector parasites put an end to the New Deal and shifted the tax burden off oligarchs and onto skilled and unskilled productive Americans:Technology helped more skilled people earn more.
Unskilled people, not so much.
Compared to what? In the wake of WWII, it's likely a majority of voters in Greece, Italy, and Korea would have elected communists to run their governments. Are you arrogant enough to believe White America knew better?"Democratic outcomes" are frequently shit.
"Why have economies polarized so sharply since the 1980s, and especially since the 2008 crisis? How did we get so indebted without real wage and living standards rising, while cities, states, and entire nations are falling into default?"Skills pay more than ever. Too bad you never acquired any
Voluntary interaction.Compared to what?
Exactly.In the wake of WWII, it's likely a majority of voters in Greece, Italy, and Korea would have elected communists to run their governments.
White America??? Listen you ignorant motherfucker - if you are implying I'm a racist, you can go fuck yourself. With a pitchfork. In the ass. Hard.Are you arrogant enough to believe White America knew better?
