Posted on 10/22/2018 9:32:36 AM PDT by Steve1999
President Donald Trump says a 'major tax cut for middle-income people' is coming in 10 days as he plans to implement a large tax reduction for the middle class before November midterms.
(Excerpt) Read more at nnettle.com ...
“What does this sentence mean?”
It means that Neon Nettle can predict the future.
In states like Massachusetts the people must vote in order for property taxes to increase higher than 2.5%. I hope this deduction stops future overrides. I’m not at $10,000 yet. Anyone who is though, has a house worth well in excess of $1 million. Cry me a river.
The Dems were crying about the inhumanity of family members being separated, and kept in "cages." Yet they have no problem with people being herded like cattle, robbing supplies from markets along the way, or sleeping outdoors.
Your screen name is what I think of the caravan.
Bush League Republicans are just as much to blame for the 30 million illegal aliens the ones on the way as any Democrat.
BOTH parties want to force US into a final amnesty to end the Republic.
It might, but I think the left is desperate and realizes no blue wave unless they force something different to happen.
Kavanaugh backfired on them.
Russia Russia Russia backfired on them.
You missed the point.
This one issue may end up making us lose the House. We need House Seats even in deep blue States to keep the Majority.
Didn’t say I like it, but I talk to People where I live and this issue is a biggie. With the Housing Prices here, the Property Taxes alone can be $8,000 a Year.
It is creating a lot of single issue Voters.
While I would also like to see this happen, all Congress can do is to refer their findings to the DOJ for prosecution and because Sessions didn’t clean house there no prosecutions will occur I’m afraid.
SALT deduction??
Democrats will NEVER vote Republican. Ever!
Oppose Communism.
Appeasement FAILS.
Assuming this is an accurate quote, making promises he can't keep doesn't help. There is no way anything can be done before election day. And little chance anything will be done before election day 2020.
The Liberals I talk to about SALT deduction have always voted Democrat and will never change.
Their entire life, DEM, DEM & DEM. It is about time they felt the bad consequences of their vote.
Pay your FAIR SHARE!
Blue State voters can pay a smaller SALT deduction tax now,
or pay a huge Democrat tax later, by losing their Pension and 401K money.
Pay a little now. Or pay a lot later.
many moons ago someone i know had a plan to stop illegal immigration..put 10 million dollars in trust for mexican generals and subtract a thousand dollars for everyone caught crossing the border- end of year tally up and start over ..it would take the generals about a week to stop the illegals from their side of the border...
I was referring to my Republican and Independent Neighbors, not the Rats.
These are people with a Gross Income above $100,000 or closer to $150,000 with Homes that cost them anywhere from $500,000 to $800,000.
Even when I explain that their Federal Tax Rate is lower, they complain about the limitation on the SALT Deduction.
Heck, one guy just didn’t get my point that all the SALT Deduction does is lower your Reportable Federal Income and it isn’t a direct Tax Savings. They confuse Deductions with Income Tax Credits. It is very frustrating.
Another thought it meant you couldn’t write off your Mortgage Interest. I have no idea where they came up with that one except the Ceiling for the Write Off has been reduced from 1,000,000 to $750,000.
We have an uphill battle, that’s for sure.
All the more incentive to dump Democrats
Since you are respectful, I shall be also.
Wise money management is about diversity. A person with $100k to $150k income, owning a $500k to $800k home, is very poor diversification. It is poor money management. That $800k home is a sitting duck.
That risky home owner wants other people to bail them out. They want to Socialize their Loses with other people's money. Well, those other people have their own finances some of whom practice responsible money management.
It is the same as wanting other States to pay for hurricane damage in Florida.
QUIT TAKING BAD RISKS!
A person with a $500k income owning a $800k home, is GOOD RISK.
A person with a $100k income owning a $800k home, is BAD RISK.
Diversify.
I know California folks who went $200k in debt on a house. BAD RISK.
I know Californians who CASHED OUT of a $800k home. GOOD RISK.
Those who cashed out the equity, diversify the gain in equities and a cheaper house. They are set for life.
Those who gambled with high home equity are HIGH RISK irresponsible. You can be indebted for DECADES!
The new game in town, is the old game in town. Remember how Democrats owned Slaves?? Now they target high equity homeowners, like in Illinois. Democrats transfer your high equity over to a Pension for State workers. The equity home owner, often elderly, is stuck in slave debt. You cannot sell. You must pay ever higher taxes to Democrat Royalty. If you do sell, it is at a high loss.
Democrat State: They Win. You Lose.
It is a vicious game.
Keeping a high level of personal wealth, including one’s home, in one single investment, like a home, is great until it turns FOOLISH !!
DIVERSIFY.
The reason others give you SALT folks zero compassion is because bi-coasters took a BIG RISK. If it pays off, YOU WIN, with better home value, we do not. But now the BIG RISK turns sour, LOSES, and you folks wants other responsible folks to bail you out. LMAO!
Be an adult.
BIG RISK mean BIG WINS, and also BIG LOSSES.
RETIRE THE NATIONAL DEBT!
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