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Homeowners Lose Break In Obama Tax Bill
BillLawrenceOnline.Com ^
| 1-18-11
Posted on 01/18/2011 11:25:29 AM PST by Tribune7
A rotten Easter egg for homeowners is part of the tax bill passed by the lame-duck Democrat Congress and signed into law by President Obama, Dec. 17.
A provision to allow homeowners to deduct local property taxes without itemizing was let lapse. About two-thirds of Americans don't make enough money to make it worth itemizing. The provision saved homeowners about $1.6 billion per year.
(Excerpt) Read more at BillLawrenceOnline.Com ...
TOPICS:
KEYWORDS: 111th; bho44; bhotaxincrease; democrats; liberalfascism; obama; taxandspend; taxes
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1
posted on
01/18/2011 11:25:32 AM PST
by
Tribune7
To: Tribune7
You’ll hardly miss it, and those funds are needed to help politicians buy votes.
2
posted on
01/18/2011 11:27:47 AM PST
by
Steely Tom
(Obama goes on long after the thrill of Obama is gone)
To: Tribune7
“rotten Easter egg”
More like doodie in the punch bowl.
LOL
3
posted on
01/18/2011 11:28:35 AM PST
by
freedomlover
(Make sure you're in love - before you move in the heavy stuff)
To: Tribune7
Why would anyone not know this. After all the Democrats and the lame stream media made this know at every opportunity as the tax bill worked its way through the Congress. Remember that Obama promised the most transparent administration ever.
4
posted on
01/18/2011 11:29:30 AM PST
by
Saltmeat
To: Tribune7
I wonder if that affects 2010 taxes or 2011 taxes?
5
posted on
01/18/2011 11:29:59 AM PST
by
OB1kNOb
(You are free to choose your actions, but never the resulting consequences.)
To: OB1kNOb
Probably retroactive to 1900.
6
posted on
01/18/2011 11:31:08 AM PST
by
43north
(BHO: 50% black, 50% white, 100% RED)
Comment #7 Removed by Moderator
To: Tribune7
8
posted on
01/18/2011 11:33:31 AM PST
by
silverleaf
(All that is necessary for evil to succeed, is that good men do nothing)
To: Tribune7
9
posted on
01/18/2011 11:33:48 AM PST
by
GATOR NAVY
("The bigger the government, the smaller the citizen." -Dennis Prager)
To: Tribune7
10
posted on
01/18/2011 11:34:26 AM PST
by
Razzz42
To: Tribune7
Not according to my tax software.
To: Steely Tom
I know you are being sarcastic, but it will cost us a bit over $1,000 this year alone.
12
posted on
01/18/2011 11:37:15 AM PST
by
justlurking
(The only remedy for a bad guy with a gun is a good WOMAN (Sgt. Kimberly Munley) with a gun)
To: Tribune7
Sleeping with the enemy. We warned — they did not listen.
13
posted on
01/18/2011 11:37:21 AM PST
by
EagleUSA
To: Hoodat
14
posted on
01/18/2011 11:37:31 AM PST
by
ichabod1
(Hail Mary Full of Grace, The Lord Is With Thee...)
To: Tribune7
15
posted on
01/18/2011 11:38:38 AM PST
by
jiggyboy
(Ten percent of poll respondents are either lying or insane)
To: Peter from Rutland
Which version of software?
16
posted on
01/18/2011 11:40:01 AM PST
by
listenhillary
(20 years in Reverend Wright's church is all I need to determine the "content of his character")
To: Tribune7
The US news media is worse than worthless.
17
posted on
01/18/2011 11:40:55 AM PST
by
skeeter
To: justlurking
I know you are being sarcastic, but it will cost us a bit over $1,000 this year alone. The deduction was only $1000 for MFJ. Even in the 35% tax bracket that would only be $350.
18
posted on
01/18/2011 11:41:08 AM PST
by
SeeSac
To: Hoodat
Awwww....man.
That's...that's just too damned graphic.
Save that for a thread on the wookies garden party or something.
Looks like what obama and the wookie will be serving after the State of the Union address.
19
posted on
01/18/2011 11:41:22 AM PST
by
OldSmaj
(I am an avowed enemy of islam and obama is a damned fool and traitor. Questions?)
To: Tribune7
A provision to allow homeowners to deduct local property taxes without itemizing was let lapse. About two-thirds of Americans don't make enough money to make it worth itemizing. Sounds like it is worth it for them to itemize now.
20
posted on
01/18/2011 11:41:54 AM PST
by
thackney
(life is fragile, handle with prayer (biblein90days.org))
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