The federal government should remove property tax deductions on state and local taxes

Discussion in 'Politics & Religion' started by bond_trad3r, Aug 30, 2011.

  1. ...to fuck people over who choose to live in high tax states and localities. It will also help pay down the debt!
     
  2. Lucrum

    Lucrum

    That is if congress doesn't spend it first. Which of course they will.

    We don't have a revenue problem we have a spending problem.
     
  3. Regardless, remove the tax deduction and fuck em over.
     
  4. pspr

    pspr

    "The federal government should remove property tax deductions on state and local taxes"

    Your title makes absolutely no sense as it is worded. Have you ever owned any real property?
     

  5. Hmmm... I agree. The federal government should remove tax deductions for state and local taxes
     
  6. pspr

    pspr

    You mean these?

    There are five types of deductible nonbusiness taxes:
    State, local and foreign income taxes
    State, local and foreign real estate taxes
    State, and local personal property taxes
    State and local sales taxes, and
    Qualified motor vehicle taxes
     
  7. Yes
     
  8. Everyone wants the loop holes closed on everybody but themselves.
     
  9. Lucrum

    Lucrum

    Almost everyone. I'd like to see a revenue neutral simplified tax code without any tax deductions or credits, even for me.
     
  10. pspr

    pspr

    I don't think it will ever happen because the two things politicians love to do the most is spend money and make tax breaks and take them away. With a simplified tax code they won't be able to double talk the public into not understanding how they are manipulating the nation's finances.
     
    #10     Aug 31, 2011