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Old 10-28-2020, 07:50 AM
 
7,759 posts, read 3,879,408 times
Reputation: 8846

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Quote:
Originally Posted by 2011KTM530 View Post
My taxes went up under Donald Trump and the Republicans. Fact. And I only make $50K per year.
So I voted Libertarian.
Probably SALT deduction elimination/reduction

If Biden gets elected I hope this gets reinstated
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Old 10-28-2020, 09:51 AM
 
5,145 posts, read 3,076,394 times
Reputation: 11023
Quote:
Originally Posted by Tencent View Post
Probably SALT deduction elimination/reduction

If Biden gets elected I hope this gets reinstated
LOL — That’s the funniest thing I’ve read today!
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Old 10-28-2020, 01:57 PM
 
7,759 posts, read 3,879,408 times
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Quote:
Originally Posted by TimAZ View Post
LOL — That’s the funniest thing I’ve read today!
How
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Old 10-28-2020, 02:03 PM
 
21,909 posts, read 9,483,127 times
Reputation: 19443
Quote:
Originally Posted by Lowexpectations View Post
Do you have a link to the removal of the primary residence capital gains exclusion ?
What the heck is this with give me a link. Research it yourself. It will take two seconds.
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Old 10-28-2020, 02:05 PM
 
21,909 posts, read 9,483,127 times
Reputation: 19443
Quote:
Originally Posted by Tencent View Post
Probably SALT deduction elimination/reduction

If Biden gets elected I hope this gets reinstated
Yes, because we should reward blue states outrageous spending and subsidize millionaires. And trust me, I am impacted a lot by this because I am in a blue state and I pay a lot of state taxes.
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Old 10-28-2020, 02:29 PM
 
1,544 posts, read 1,191,203 times
Reputation: 6483
Quote:
Originally Posted by 2011KTM530 View Post
My taxes went up under Donald Trump and the Republicans. Fact. And I only make $50K per year.
So I voted Libertarian.
Mine did too, so he did me no favors! And my income is moderate. SALT elimination sealed the deal.
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Old 10-28-2020, 02:41 PM
 
5,145 posts, read 3,076,394 times
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Quote:
Originally Posted by Tencent View Post
How
You think a Biden tax policy is going to give back deductions? BOHICA, if Biden gets in the next step is elimination of mortgage interest deductions and capital gain exclusions.
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Old 10-28-2020, 04:06 PM
 
26,191 posts, read 21,568,036 times
Reputation: 22772
Quote:
Originally Posted by Grlzrl View Post
What the heck is this with give me a link. Research it yourself. It will take two seconds.
You made the claim so you should be able to support it. You won’t because it’s not true

Quote:
Originally Posted by Grlzrl View Post
Yes, because we should reward blue states outrageous spending and subsidize millionaires. And trust me, I am impacted a lot by this because I am in a blue state and I pay a lot of state taxes.
I was impacted by the salt limitations in a red state so don’t go overboard with your political slant. Do you also take issue with other deduction or credits like children, student loan interest, mortgage interest etc?

Last edited by Lowexpectations; 10-28-2020 at 04:14 PM..
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Old 10-29-2020, 12:14 AM
 
11,025 posts, read 7,831,231 times
Reputation: 23702
Quote:
Originally Posted by Grlzrl View Post
Yes, because we should reward blue states outrageous spending and subsidize millionaires. And trust me, I am impacted a lot by this because I am in a blue state and I pay a lot of state taxes.
Many of those blue states, possibly your own, pay more to the federal government than they get back. Many red states, Mitch McConnell's Kentucky for one, takes much more from the federal government than they pay in.
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