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DirtyDan
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« on: February 24, 2019, 09:14:32 PM » |
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Do it while you can. I did.... it my way
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Patrick
Member
Posts: 15433
VRCC 4474
Largo Florida
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« Reply #1 on: February 25, 2019, 02:16:32 AM » |
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Cuomo just about bankrupted HUD and he is trying to do the same with NYS. Between him and DeBlasio they may succeed. Some folks never seem to learn. I still like NYS, it just too many liberals, thats all.  |
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Rams
Member
Posts: 16681
So many colors to choose from yet so few stand out
Covington, TN
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« Reply #2 on: February 25, 2019, 02:20:22 AM » |
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Would seem to me the 7 Ps are applicable.
Proper Prior Planning Prevents Piss Poor Performance.
I'm thinking they need to re-prioritize their real needs.
I personally doubt a $10k cap on deductible interest caused any "rich folks" to leave NY.
Rams
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VRCC# 29981
Learning the majority of life's lessons the hard way.
Every trip is an adventure, enjoy it while it lasts.
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old2soon
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« Reply #3 on: February 25, 2019, 04:44:18 AM » |
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As I've this asked before-when the liberals run out of our money Whose money they gonna spend now?  dumb asses! And I MEAN that Sincerely!  RIDE SAFE. |
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Today is the tommorow you worried about yesterday. If at first you don't succeed screw it-save it for nite check. 1964 1968 U S Navy. Two cruises off Nam.
VRCCDS0240 2012 GL1800 Gold Wing Motor Trike conversion
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f6john
Member
Posts: 9721
Christ first and always
Richmond, Kentucky
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« Reply #4 on: February 25, 2019, 06:19:55 AM » |
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I'm just crushed!
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Skinhead
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Posts: 8742
J. A. B. O. A.
Troy, MI
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« Reply #5 on: February 25, 2019, 07:06:13 AM » |
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He's an idiot. How does not allowing taxpayers to deduct taxes property taxes over $10,000 impact the taxes paid by property owners? They still have to pay the assessed taxes or lose the property. I learned that watching "The Blues Brothers".
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 Troy, MI |
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The emperor has no clothes
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« Reply #6 on: February 25, 2019, 09:54:04 AM » |
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He's an idiot. How does not allowing taxpayers to deduct taxes property taxes over $10,000 impact the taxes paid by property owners? They still have to pay the assessed taxes or lose the property. I learned that watching "The Blues Brothers".
I think this is his theory. “Those New Yorkers affected by the loss of the SALT deduction are now filing their income taxes in other states or using other means to circumvent their tax liabilities, Cuomo seemed to suggest.” Whether it’s true or not, I have no idea. (One can learn much from the Blues Brothers and Animal House) |
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¿spoom
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« Reply #7 on: February 25, 2019, 10:25:57 AM » |
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He's an idiot. How does not allowing taxpayers to deduct taxes property taxes over $10,000 impact the taxes paid by property owners? They still have to pay the assessed taxes or lose the property. I learned that watching "The Blues Brothers".
It actually makes a big difference for some, particularly in states with very high property, State and local income taxes. Up until now, big taxes locally were used to reduce the taxable income for Federal taxes. That, in effect reduced what they paid in Federal taxes, sliding more towards the state & local. Now that the amount paid elsewhere is capped, there's less of a deduction of Federal taxes. |
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Robert
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« Reply #8 on: February 25, 2019, 02:12:50 PM » |
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But the thing he is not telling is that NY is clawing taxes back from residents that live and work more than 3 months of the year in NY. So if you are a snow bird or any part time resident and live in NY and somewhere else also you owe NY taxes regardless if you are listed as a resident of another state. You still owe NY taxes and they will come after you.
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“Some people see things that are and ask, Why? Some people dream of things that never were and ask, Why not? Some people have to go to work and don’t have time for all that.”
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Rams
Member
Posts: 16681
So many colors to choose from yet so few stand out
Covington, TN
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« Reply #9 on: February 25, 2019, 03:05:58 PM » |
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But the thing he is not telling is that NY is clawing taxes back from residents that live and work more than 3 months of the year in NY. So if you are a snow bird or any part time resident and live in NY and somewhere else also you owe NY taxes regardless if you are listed as a resident of another state. You still owe NY taxes and they will come after you.
I suspect there's a lot he's not telling. It's always someone else's fault (normally the other side). You can always tell when he's lying, his lips are moving.  Rams |
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VRCC# 29981
Learning the majority of life's lessons the hard way.
Every trip is an adventure, enjoy it while it lasts.
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Oss
Member
Posts: 12761
The lower Hudson Valley
Ossining NY Chapter Rep VRCCDS0141
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« Reply #10 on: February 25, 2019, 03:16:11 PM » |
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dont forget I also pay NYC taxes ! and real estate taxes on my little 2 story bldg
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If you don't know where your going any road will take you there
George Harrison
When you come to the fork in the road, take it
Yogi Berra (Don't send it to me C.O.D.)
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Rams
Member
Posts: 16681
So many colors to choose from yet so few stand out
Covington, TN
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« Reply #11 on: February 25, 2019, 05:51:43 PM » |
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dont forget I also pay NYC taxes ! and real estate taxes on my little 2 story bldg
Are you moving? Rams |
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VRCC# 29981
Learning the majority of life's lessons the hard way.
Every trip is an adventure, enjoy it while it lasts.
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Serk
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« Reply #12 on: February 26, 2019, 04:34:50 AM » |
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Never ask a geek 'Why?',just nod your head and slowly back away...  IBA# 22107 VRCC# 7976 VRCCDS# 226 1998 Valkyrie Standard 2008 Gold Wing Taxation is theft. μολὼν λαβέ |
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¿spoom
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« Reply #13 on: February 26, 2019, 10:30:49 AM » |
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dont forget I also pay NYC taxes ! and real estate taxes on my little 2 story bldg
I think we all appreciate that, at what rate? By letting States run taxes through the roof under a past tax code that diverted Federal taxes via deductions, I think most folks were ready for separation of State & Federal taxes. I'm all for a flat tax on state and federal, but at the least, on Federal. No deductions, whatever your actual income is times X%. It's crazy to let someone write off interest on a yacht as a second home, not to mention property taxes on any home. You make money, and you pay bills & taxes with it. It isn't right to allow people to "decide" how to alter their taxes. Same with charitable deductions. I give money to causes I believe in, and I file it every year, but it isn't right. Same thing as religious contributions and exemptions. I pay the same sales tax on a bottle of bourbon as anyone else in the State of WI, rich or poor. I think that's a good system. |
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Jess from VA
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« Reply #14 on: February 26, 2019, 11:43:43 AM » |
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dont forget I also pay NYC taxes ! and real estate taxes on my little 2 story bldg
I think we all appreciate that, at what rate? By letting States run taxes through the roof under a past tax code that diverted Federal taxes via deductions, I think most folks were ready for separation of State & Federal taxes. I'm all for a flat tax on state and federal, but at the least, on Federal. No deductions, whatever your actual income is times X%. It's crazy to let someone write off interest on a yacht as a second home, not to mention property taxes on any home. You make money, and you pay bills & taxes with it. It isn't right to allow people to "decide" how to alter their taxes. Same with charitable deductions. I give money to causes I believe in, and I file it every year, but it isn't right. Same thing as religious contributions and exemptions. I pay the same sales tax on a bottle of bourbon as anyone else in the State of WI, rich or poor. I think that's a good system. What the revised tax code (with limited/caped state tax write-offs) really does is stop the rest of the country from having to (indirectly) subsidize those few states (and cities) who tax the pants off their people in the name of socialism. So if you love those policies fine, but you get to pay for them yourselves without making the rest of us ante up to help you (with our federal taxes). You are no longer going to get great big federal tax write offs to make the pain of all those programs less painful. If you don't like it, reconsider your vote next election cycle. Or move out of that jurisdiction. This is an excellent plan.... even if I do lose a few dollars off my usual return. |
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« Last Edit: February 26, 2019, 11:45:48 AM by Jess from VA »
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