Reply to Trump tax law cost homeowners $1 trillion in lost equity

Forum Index » Real Estate

Reply to "Trump tax law cost homeowners $1 trillion in lost equity"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I thought the liberals wanted the rich to pay more taxes and this change in tax laws did do that...

It probably has had an effect on more expensive properties especially in the Northeast where suburbs have high property taxes. On the other hand, it's helping to keep housing costs under control. Which is good.

All in all, I support this move.  The tax deductions for mortgage interests and property taxes were mostly benefits for the affluent. The middle and working classes didn't see the same benefits. 
[/quote]

If I'm going to pay more in taxes, I want the money to go to help our citizens who are in need. I do not want my money to be handed over to corporations and foreign owners.[/quote]

You're not exactly helping your arguments by making these unsubstantiated claims about handing over money to foreign entities.

Trump, for all his flaws actually made tax changes that was more progressive in many ways by eliminating benefits that accrued heavily to wealthy and high income earners and gave tax cuts in exchange to lower income earners. I'm no fan of Trump but it will be ironic and hypocritical of the Democrats to restore SALT if their aim is a more progressive tax system. [/quote]

Dems live big govt.  any SALT changes by Dems will be to advance the growth of govt. If they can blow up the Corp rate and grow state govt via restoration of SALT, they will, just so long as Fed govt is on it’s  way to bigger and more wasteful. [/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics