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To: Pontiac

Cool. If I were paying property tax,I’d just elect not to donate to the charity, and not to pay the like amount of offset to the property taxes.


16 posted on 02/05/2018 6:11:02 PM PST by glorgau
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To: glorgau

You still owe the full tax bill ... With no deductions.


18 posted on 02/05/2018 6:17:49 PM PST by TexasGator (Z)
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To: glorgau
Cool. If I were paying property tax,I’d just elect not to donate to the charity, and not to pay the like amount of offset to the property taxes.

I don’t think you get the problem the governor is trying to resolve.

Connecticut’s property taxes are high because it was possible to right off those taxes on your Fed Income Tax.

But the Trump tax cut plan now limits that right off to $10K so the rich in CN are now feeling the bite of their high property taxes.

However, the Trump plan left right offs on Charity unlimited. Thus, the Governor’s idea to find a way to change charity contributions in to state and local tax income.

But to me it sounds like a local and state government plan to defraud the Federal government.

But somehow the governor is going to have to find Federal approved charities willing to cooperate in the fraud. Who would be that stupid? I don’t know.

20 posted on 02/05/2018 6:40:02 PM PST by Pontiac (The welfare state must fail because it is contrary to human nature and diminishes the human spirit.L)
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