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Bill[_12_] Bill[_12_] is offline
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First recorded activity by BoatBanter: Jan 2017
Posts: 4,553
Default Happy Days are here again!

John H wrote:
On Tue, 5 Dec 2017 20:09:38 -0000 (UTC), Bill wrote:

John H wrote:
On Tue, 5 Dec 2017 04:00:51 -0000 (UTC), Bill wrote:

John H wrote:
On Mon, 04 Dec 2017 14:28:40 -0500, wrote:

On Mon, 04 Dec 2017 12:58:19 -0500, John H
wrote:

On Mon, 04 Dec 2017 10:46:09 -0500,
wrote:

On Mon, 04 Dec 2017 08:45:01 -0500, John H
wrote:

Got my Turbo Tax Home and Business CD. What a great early Christmas
present! Wonder if all these tax
changes have been incorporated.


===

Proposed changes are not law yet and won't affect 2017 taxes at all.

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I know, I know...darn it. Would have liked to see the impact. According
to our resident tax cheat
I'll be poor. Oh well.

===

Unless you have a *lot* of deductions you'll probably come out ahead
by a little.

Well, I do live in a high property and income tax state.


So do I. But I am limited on the property tax deduction because of prop
13 and owning the house for almost 40 years.

I wish! Ours are over $7200 this year, and this ain't no mansion!


My taxes are $2700 on a $1.3 million house.


My house is about half that with over two and a half times the property tax. Unreal.


Our taxes are a little over 1%of the assessed value. Is 1%plus any extra
bond repayments and local fees we have voted for. Assessed value can
increase 2% a year. I paid $138.5k in 1979. Was an expensive house then.