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I don't like Florida. But I have started entertaining the thought of moving out of NYC proper to some close by suburb. Just in city and property taxes we have paid $20k. Not counting state taxes (because most states still assess state taxes. Moving wouldn't absolve that responsibilty.
I am actually contemplating New Jersey. The property taxes aren't as high as long island and the houses are more architecturally pleasing.
How are you getting screwed, have you even done your taxes? I made a lot more this year and next year even running through the calc I am getting $1200 back with NJ/NYC and property taxes all. Even people richer than me will ge a tax break and if you make more than me you shouldn't even worry about paying a little extra.
I think most people will be in for a surprise that the media delivered the next biggest fake news since saying Hillary will win POTUS.
How are you getting screwed, have you even done your taxes? I made a lot more this year and next year even running through the calc I am getting $1200 back with NJ/NYC and property taxes all. Even people richer than me will ge a tax break and if you make more than me you shouldn't even worry about paying a little extra.
I think most people will be in for a surprise that the media delivered the next biggest fake news since saying Hillary will win POTUS.
Prior you could deduct your state, local and property taxes on your federal return. Now the deduction is capped for a combined total of $10k. This $10k covers state taxes, local taxes and property taxes.
We are already at $20k in city/local and property taxes. I haven't even looked at how much we paid in state. We can only deduct a maximum of $10k. City taxes are only assessed in the boroughs. Moving outside of the boroughs would eliminate these taxes.
So we have about $25k to $30k in deductions that we can no longer get.
I am betting that real estate market will drop next year because of the hysteria but after people see the real tax cuts in 2019 the markets are gonna explode here and in CA because people will have more $$
Anybody making $300k below will see a tax cut regardless. Your stock gains are gonna be taxed less and small businesses will see even bigger tax cut.
I am betting that real estate market will drop next year because of the hysteria but after people see the real tax cuts in 2019 the markets are gonna explode here and in CA because people will have more $$
Anybody making $300k below will see a tax cut regardless. Your stock gains are gonna be taxed less and small businesses will see even bigger tax cut.
It's called a Tax cut bill not a tax hike bill.
Yeah don’t even bother responding to LOVEROFNY, it’s much easier just to ignore facts.
The fake news thing again? How’s trumps audit coming along? Gonna release those taxes anytime soon? What about the comey tapes or the obama wire tapping?
How are you getting screwed, have you even done your taxes? I made a lot more this year and next year even running through the calc I am getting $1200 back with NJ/NYC and property taxes all. Even people richer than me will ge a tax break and if you make more than me you shouldn't even worry about paying a little extra.
I think most people will be in for a surprise that the media delivered the next biggest fake news since saying Hillary will win POTUS.
I am a person not a corporation or an unlimited source of funding.
There are many cities and states who run quite efficiently on way less. I am also an immigrant who attended school and lived in a third world country with 30% of the resources that is available here. My family and friends have excelled despite this fact. There is a way to efficiently run a large city without such wanton waste which is funded by exorbitant taxes.
I am friends and family with many teachers and education administrators. Also know New York state employees. The waste is mind boggling. When the employees attempt to make suggestions or act as whistle blowers they are rebuffed.
Yeah don’t even bother responding to LOVEROFNY, it’s much easier just to ignore facts.
The fake news thing again? How’s trumps audit coming along? Gonna release those taxes anytime soon? What about the comey tapes or the obama taping?
Your boy is the inventor of fake news.
I am speaking about my reality. I don't have kids to add as dependents and we are a high income household. If tax deductions are capped at a lower rate than what I actually pay how is that benefiting me?
Fact is NYC collects alot of city taxes.
We own property so we pay property taxes.
We pay state taxes.
We don't have dependents.
Increasing the dependent deduction is not beneficial to us because we don't have kids. Reducing our ability to deduct state, city and property taxes increases our tax liability.
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