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Old 11-16-2018, 10:34 PM   #11
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Yes poor people do receive those tax credits but they are poor and I am glad that I don't receive them.
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Old 11-17-2018, 11:19 AM   #12
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What the IRS is going for is only standard deduction and no itemizing. This will reduce the chance of cheating. The housing lobby has stopped the idea of no real estate taxes and interest being deducted. As it now stands you can get large deductions for expensive homes. Through it is my understanding that this has been capped for interest with the new tax law?

It just doesn't seem right that some very wealthy people pay no income tax at all.
Donate all of your income to charity and you won't pay any taxes either.
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Old 01-10-2019, 09:32 PM   #13
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What the IRS is going for is only standard deduction and no itemizing. This will reduce the chance of cheating. The housing lobby has stopped the idea of no real estate taxes and interest being deducted. As it now stands you can get large deductions for expensive homes. Through it is my understanding that this has been capped for interest with the new tax law?

It just doesn't seem right that some very wealthy people pay no income tax at all.
Not to get into a political debate but the "wealthy" pay over 65% of the taxes collected.
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Old 01-10-2019, 09:36 PM   #14
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Not to get into a political debate but the "wealthy" pay over 65% of the taxes collected.
Yes, very few actually do not pay taxes. It would be a political issue as to why we are led to believe that they are not
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Old 01-15-2019, 10:08 PM   #15
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Another example of the wealthiest getting the benefits of the “tax cuts”
Not allowing RV interest unless the RV is a motor home is enraging for the average RV owner.
Just saying....
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Old 01-15-2019, 10:30 PM   #16
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I own two homes, and even deducting the interest for those two homes, and all my other previous itemized deductions, the standard deduction is more favorable. First time in probably 20 years that I am not itemizing.


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