1 Aug 2021 3:25 pm
U are talking about the price of houses, not the mortgage interest AND PROPERTY TAX DEDUCTIONS LOST! & the FLAT TAX TARIFFS ARE AFFECTING MANY BUILDING MATERIALS LIKE STEEL!Buffalo » 01 Aug 2021, 3:14 pm » wrote: ↑ You are the one that likes it in the ***, super liar!!!
Trump merely dropped the deduction limit from $1 MILLION down to $500,000. It still mainly affected buyers and homeowners in the high cost market. Really, how many average Americans can afford a $500,000 or more home, especially the wealthy that took advantage of that loophole by buying a second home.
My son works for the largest private building materials suppler in the US. They could swallow Home Depot whole. What is slowing the housing market down is the astronomical cost of building materials, especially lumber, caused by the intentional shut down plandemic of the dim-0-craps.
He says the ultra wealthy have not slowed down one bit.
You a bleeding heart for the rich? Learn what your are driveling about.
Trump’s Trillion-Dollar Hit to Homeowners
By reducing deductions for real estate taxes, Trump’s 2017 tax plan has harmed millions — and helped give corporations a $680 billion gift.
by Allan Sloan
Oct. 10, 2019, 5 a.m. EDT
In recent weeks, President Donald Trump has been talking about plans for, as he put it, a “very substantial tax cut for middle income folks who work so hard.” But before Congress embarks on a new tax measure, people should consider one of the largely unexamined effects of the last tax bill, which Trump promised would help the middle class: Would you believe it has inflicted a trillion dollars of damage on homeowners — many of them middle class — throughout the country?That massive number is the reduction in home values caused by the 2017 tax law that capped federal deductions for state and local real estate and income taxes at $10,000 a year and also eliminated some mortgage interest deductions. The impact varies widely across different areas. Counties with high home prices and high real estate taxes and where homeowners have big mortgages are suffering the biggest hit, as you’d expect, given the larger value of the lost tax deductions. But as we’ll see, homeowners all over the country are feeling the effects.
Tax bill will slash by half the number of homeowners using the mortgage deduction
PUBLISHED MON, APR 23 2018 4:06 PM EDT
UPDATED THU, MAY 3 2018 10:15 AM EDT
Sarah O'Brien
@SARAHTGOBRIEN
CLEARLY, U RNC STOOGES ARE THE 1's who like taking it up your FAT ASSES!