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Mr. Luddite[_4_] Mr. Luddite[_4_] is offline
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First recorded activity by BoatBanter: Aug 2017
Posts: 4,961
Default Happy Days are here again!

On 12/5/2017 3:16 PM, 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.


Add another zero to Bill's tax and you'd be very close to what we were
paying every year for the house we sold in 2016. Market value was about
the same. Our real estate tax for 2016 was about $23,000.