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Few of us who have lived in CA for any length of time have property taxes over $10 K. And anyone who does can probably well afford whatever taxes they pay.
OK, so the limit doesn't impact you. Although it probably does due to combined property and income taxes.
This is a seat that has been Blue for a long time. And it gives Trump an historic majority in the US Senate for this point in his tenure. Doesn't like like there's any seething at all except maybe by the always outraged leftist.
Walmart prices always vary and rollback/forth at times and this has been going on for many years.
However, the price for goods and services has increased in the past year as a whole in the USA and certainly prices have not decreased. Companies are not reducing prices due to their huge tax cut windfall.
At Walmart, that's because they didn't get a huge tax windfall. Their profit margin is only 1.37%.
The obvious question is WHY does the middle class and below even buy Apple or Android products when by doing so they're quite obviously just putting extra money into Apple's and Google's CEOs' pockets?
STOP buying Apple and Android (Google) products/services. You're getting ripped off.
We got a HUGE FED refund this year, deposited on Tuesday already. One week from filing, to deposit! I love e-filing, once I found a company years ago that'll do it FREE for both Fed and State( freetax.com ). I live in Michigan.
Real estate, property and state income taxes are what most people deduct when they think of SALT. They're now limited to $10,000. Look, I know... I used to live in IL. My real estate taxes, alone, were $19,000+/year. I've posted my real estate tax bill in other threads.
That's interesting given the fact that IL is in the cheaper end when it comes to average home prices (32nd expensive). The property tax there is more or less the same as in Texas.
Real estate, property and state income taxes are what most people deduct when they think of SALT. They're now limited to $10,000. Look, I know... I used to live in IL. My real estate taxes, alone, were $19,000+/year. I've posted my real estate tax bill in other threads. I saw this coming, and moved to a lower tax state. I'm still over the $10,000 limit, but much less so because my real estate taxes are 1/3 of what they were on a home of approximately the same value.
I've heard this from people that I know who have moved from IL to NC. Property taxes are far far less expensive here, and I live in the highest taxed (democrats control it) county in the state.
Walmart prices always vary and rollback/forth at times and this has been going on for many years.
However, the price for goods and services has increased in the past year as a whole in the USA and certainly prices have not decreased. Companies are not reducing prices due to their huge tax cut windfall.
Those profits belong to the stockholders, not the customers.
It has nothing to do with whether it impacts me. The initial post to which I replied was that somehow, those of us who own property in high tax states "should be getting hammered right about now, and rightfully so."
Last edited by CA4Now; 02-06-2019 at 10:42 AM..
Reason: spelling
Walmart prices always vary and rollback/forth at times and this has been going on for many years.
However, the price for goods and services has increased in the past year as a whole in the USA and certainly prices have not decreased. Companies are not reducing prices due to their huge tax cut windfall.
Ever been to a gas pump recently?
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