To go with that he is also going to get rid of the state tax and property tax deduction.
THAT would screw many in the middle class.
Rental property would technically be classified as a 2nd home.
But that’s beside the point.
The point is ... conservatives don’t try to pander to the class warfare peeps, real conservatives don’t try and stick it to the rich “who are not paying their fair share” (when they are actually paying for nearly everything already)
As far as I am concerned, state and property taxes should not be considered deductions. Removing them from income is merely removing taxes paid on taxes. Double taxation!
You have all the DNC talking points down to a fine line. I'm sure they are watching this forum closely to learn how the best angle for attack should be approached.
Since the filthy and “evil” rich employ millions of people who build those mansions, work for those rotten rich people and earn a living maintaining that lifestyle, as well as, their support for the free enterprise system in which every one of us could have that same potential.
Oh, by the way, most people in the “Middle Class” owe their income and status to those people you so jealously hate.
The sad thing is, you are clueless, and believe that you are right in what you are doing, that the enemy is all around you and cheering you on as if you were one of them. And in reality, you have joined their cause, thinking the opposite.
that RV is a second home.
that boat over a certain size is a second home.
that time share is a second home.
it is in fact a poorly thought out plan and is a romney advisor stunt to appeal to class warefare.
Romeny needs to think for himself and less be spoonfed by overpaid DC insider advisors.
To go with that he is also going to get rid of the state tax and property tax deduction.
THAT would screw many in the middle class.””’
One of the local channels said that since high income earners buy more expensive homes and have a higher amount of interest to deduct, that scenario just isn’t FAIR!
I was stunned.
When you compare the interest $$$ paid on a home loan—whether middle class or ‘rich’, it is about the same PERCENTAGE of their gross income.
When you are more wealthy, you can afford a higher cost home. You often also get a lower rate of interest because you are a better risk to the mortgage holder.
BUT the PERCENTAGE application is about the same.
The bigger problem facing the middle class is that they tend to OVERBUY because they think they deserve it, and then when there is any kind of bump in their road’s economy, they cannot pay the mortgage.
They also tend to have to pay a HIGHER rate of interest because they are a poorer risk to the mortgage holder.