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The housing market on long island this past year is through the roof. Guess what? Everyone was aware of the new tax laws, and record prices and sales. So yeah, long island is just fine. Love the hyperbole.
The housing market on long island this past year is through the roof. Guess what? Everyone was aware of the new tax laws, and record prices and sales. So yeah, long island is just fine. Love the hyperbole.
Source?
Lots of smart folks selling to uneducated buyers....I bet a record number of jaws dropped in Nassau on Jan 2 when they saw their new tax bill. That was the right cross. Trump's coming with the left uppercut on April 15.
The housing market on long island this past year is through the roof. Guess what? Everyone was aware of the new tax laws, and record prices and sales. So yeah, long island is just fine. Love the hyperbole.
You are missing the big picture and apparently trying to reassure yourself about your LI investment. Either that, or possibly getting paid by the bloated taxes as a member of the public sector.
Whatever you tell yourself is fine, but the main point remains unanswered: How long can middle class people be expected to pay $16K - $20K in taxes?
It's a drag not only on homeowners, but on the job market. No sane company wants come to LI without a big tax bribe.
Maybe those of us who fled the sinking ship are like rats, but it beats going down with the ship.
agree with the whole thread in terms of high taxes, spending, unions etc. However, someone making 230k never got the benefit of the SALT deductions because at this income level you are most likely paying AMT. AMT requires a taxpayer to add back SALT. additionally, the withholding rates changed early in the year sometime between mid jan and early Feb which resulted in approximately 5-7% increase in take home pay per paycheck for many folks I know kn LI. Hopefully this eases the burden as tax filing season approaches.
agree with the whole thread in terms of high taxes, spending, unions etc. However, someone making 230k never got the benefit of the SALT deductions because at this income level you are most likely paying AMT. AMT requires a taxpayer to add back SALT. additionally, the withholding rates changed early in the year sometime between mid jan and early Feb which resulted in approximately 5-7% increase in take home pay per paycheck for many folks I know kn LI. Hopefully this eases the burden as tax filing season approaches.
It's basically a wash with extra take-home in your check. That's why this hyperbole is ridiculous.
Status:
"Let this year be over..."
(set 22 days ago)
Location: Where my bills arrive
19,219 posts, read 17,091,524 times
Reputation: 15538
Quote:
Originally Posted by isles08
Amazing, isn't it, how we in the blue states prop up these low IQ red States, and are now being asked to pay in even more in the form of double taxation.
Imagine if the red states became their own nation. They'd have no innovation, poor services...just a lot of land, a lot of cheap manufacrturing capacity, a lot of natural resources, and politicans who only cared about the rich. Sounds like a typical 3rd world country.
Yeah were so propped up that why all the businesses that need to relocate are coming down south, why don't they head to upstate parts of that are starting to look 3rd world... You must be watching the history channel because we have excellent schools, good services, modern manufacturing facilities and soon to be home to Amazons expansion (and we got it for a lot less). You have the privilege of paying for a highway that has been paid for 20+ years and LIRR/MTA which posters have described as an overpriced, obsolete mess.
I guess the only thing we can agree on is our politicians are as worthless as yours, I guess somethings are universal...
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