ActionfigureJoe Posted November 3, 2017 Share Posted November 3, 2017 Second home mortgage deduction is gone too. https://www.google.com/amp/s/www.cbsnews.com/amp/news/gop-tax-plan-cuts-mortgage-deduction-in-half-starting-today/ Quote Link to comment Share on other sites More sharing options...
Anler Posted November 3, 2017 Share Posted November 3, 2017 Interest deductions were already low because interest rates have been super low for the past 9 years. Now that's cut in half too. Quote Link to comment Share on other sites More sharing options...
Sal Rosenberg Posted November 3, 2017 Share Posted November 3, 2017 No it doesn't " Cut it in half" you fuckin asshole Quote Link to comment Share on other sites More sharing options...
Sal Rosenberg Posted November 3, 2017 Share Posted November 3, 2017 "STARTING TODAY !!" Quote Link to comment Share on other sites More sharing options...
ActionfigureJoe Posted November 3, 2017 Author Share Posted November 3, 2017 2 minutes ago, Sal Rosenberg said: No it doesn't " Cut it in half" you fuckin asshole Math not your strength? you foul smelling cunt. Quote Link to comment Share on other sites More sharing options...
Sal Rosenberg Posted November 3, 2017 Share Posted November 3, 2017 Just now, ActionfigureJoe said: Math not your strength? you foul smelling cunt. I only let it fester for a few day's if I know you are coming over Quote Link to comment Share on other sites More sharing options...
Sal Rosenberg Posted November 3, 2017 Share Posted November 3, 2017 IN HALF ...... STARTING TODAY !!! WTF , I thought this shithole had enough BOZO's like MC and SR to post half truths and misleading bullshit , I guess you decided to throw what credibility that you had out the window too Quote Link to comment Share on other sites More sharing options...
Ez ryder Posted November 3, 2017 Share Posted November 3, 2017 1 minute ago, Sal Rosenberg said: IN HALF ...... STARTING TODAY !!! WTF , I thought this shithole had enough BOZO's like MC and SR to post half truths and misleading bullshit , I guess you decided to throw what credibility that you had out the window too Credibility LMFAO that was a good 1 Quote Link to comment Share on other sites More sharing options...
ActionfigureJoe Posted November 3, 2017 Author Share Posted November 3, 2017 25 minutes ago, Sal Rosenberg said: IN HALF ...... STARTING TODAY !!! WTF , I thought this shithole had enough BOZO's like MC and SR to post half truths and misleading bullshit , I guess you decided to throw what credibility that you had out the window too I see. So you’re confident that it won’t pass. Quote Link to comment Share on other sites More sharing options...
Gold Member BOHICA Posted November 3, 2017 Gold Member Share Posted November 3, 2017 (edited) no shit what a dufus AFJ is. This only affects those with mortgages over 500,000. So what if the coasties can’t deduct all of the interest on there high dollar mortgages. Oh and boo hoo.... Can't deduct mortgage interest on a SECOND home. Just think of the revenue that this will raise. Edited November 3, 2017 by BOHICA Quote Link to comment Share on other sites More sharing options...
racer254 Posted November 3, 2017 Share Posted November 3, 2017 7 hours ago, BOHICA said: no shit what a dufus AFJ is. This only affects those with mortgages over 500,000. So what if the coasties can deduct all of the interest on there high dollar mortgages. Oh and boo hoo.... Can't deduct mortgage interest on a SECOND home. Just think of the revenue that this will raise. Wow, afj complaining about interest deductions on homes with mortgages over 500K? And no deductions on mortgage interest on 2nd homes? Sounds like something that the middle class needs too really be concerned about. 1 Quote Link to comment Share on other sites More sharing options...
MILFMAN Posted November 3, 2017 Share Posted November 3, 2017 Do you count on your mortgage deduction at tax time? If your loan or loans are more than $500,000, you won't be able to deduct the interest from your federal income taxes under the proposed Republican House bill unveiled today, which cuts the current deduction cap from $1 million. What's more, the reduction would be effective starting today, if the bill passes and is signed into law, according to the Wall Street Journal. Yes, that means Nov. 2, 2017. The legislation would also eliminate the second home deduction, meaning you'd only be able to deduct interest on your primary home. It also wouldn't apply to refinancings over $500,000, the Journal reported. It certainly doesn't affect the average low and middle class Americans. Those it will hurt are the people living in high cost areas. Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted November 3, 2017 Share Posted November 3, 2017 Sounds like winning. Quote Link to comment Share on other sites More sharing options...
Edmo Posted November 3, 2017 Share Posted November 3, 2017 Of all the things to complain about. Shows how far off the rails the left is these days. To afford a 500k plus mortgage you have to be making a minimum of 150-200k a year. Quote Link to comment Share on other sites More sharing options...
Mainecat Posted November 3, 2017 Share Posted November 3, 2017 so According to the board Trump dolts eliminating the mortgage interest is GOOD Quote Link to comment Share on other sites More sharing options...
Edmo Posted November 3, 2017 Share Posted November 3, 2017 3 minutes ago, Mainecat said: so According to the board Trump dolts eliminating the mortgage interest is GOOD Read the proposals again dopey. I think your confused. Quote Link to comment Share on other sites More sharing options...
Sleepr2 Posted November 3, 2017 Share Posted November 3, 2017 Looks like the libs have found another “loophole” that they like. 1 Quote Link to comment Share on other sites More sharing options...
snoughnut Posted November 3, 2017 Share Posted November 3, 2017 Lovely, looks like every cottage/vacation homeowner just got a nice little ass fucking. Quote Link to comment Share on other sites More sharing options...
Mainecat Posted November 3, 2017 Share Posted November 3, 2017 9 minutes ago, snoughnut said: Lovely, looks like every cottage/vacation homeowner just got a nice little ass fucking. Or rental properties Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted November 3, 2017 Share Posted November 3, 2017 Just now, Mainecat said: Or rental properties So you can't write off interest against rental income? Time to change your depends. Quote Link to comment Share on other sites More sharing options...
Sleepr2 Posted November 3, 2017 Share Posted November 3, 2017 5 minutes ago, Mainecat said: Or rental properties That’ll make those evil rich pay their fair share 1 Quote Link to comment Share on other sites More sharing options...
snoughnut Posted November 3, 2017 Share Posted November 3, 2017 (edited) Looks like people who own a primary and a secondary home with a combined mortgage under $500,000 will be having a discussion with their mortgage lenders to pay off the secondary home and roll that mortgage into the primary home. Edited November 3, 2017 by snoughnut Quote Link to comment Share on other sites More sharing options...
Ez ryder Posted November 3, 2017 Share Posted November 3, 2017 57 minutes ago, Mainecat said: so According to the board Trump dolts eliminating the mortgage interest is GOOD it will go a long way to stopping people from buying more home than they can afford . yes I think it is fine 100% hell I say pull the whole deduction . Quote Link to comment Share on other sites More sharing options...
Ez ryder Posted November 3, 2017 Share Posted November 3, 2017 45 minutes ago, snoughnut said: Lovely, looks like every cottage/vacation homeowner just got a nice little ass fucking. why? refinance your home and pay it off. if you are worried about loosing your primary residence because both are wrapped up in 1 then you should have never bought the cabin . Quote Link to comment Share on other sites More sharing options...
Ez ryder Posted November 3, 2017 Share Posted November 3, 2017 39 minutes ago, Mainecat said: Or rental properties so now business cant deduct business expense's? really ? best look a bit deeper . not that I care if that becomes the case I will just pass it on to the renter they will get it back as a tax credit Quote Link to comment Share on other sites More sharing options...
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