BAGB
42
No doubt some people will pay slightly higher tax. But only a small population is actually going to pay more tax.
You should celebrate over your higher tax as a validation of your worth Itâs better to earn more than less.
Btw, did they remove Obamaâs rich people tax? That could save you a bunch.
They lowered tax rate, that should save you taxes.
Jil
43
No, they kept the 3.88% capital gain tax for rich people as such.
hanera
44
House appreciated 100% i.e. gain $1M, and youâre crying unfair because tax increases by $1k per year?
BAGB
45
Oh, GOP hates the rich as well. Both parties hate the rich
tomato
46
thatr was exactly my point. people who bought in 2014 are crying me a river.
People who bought in 2018 howeverâŚ
1 Like
BAGB
47
Their house appreciates by $1M, they think itâs nothing and totally entitled to it. But when the tax payment went up by $1000, they are mad and mad.
And they want to repeal prop 13 so that they could pay $48k extra property tax every year when they retire.
Totally irrational
hanera
48
Now we know household income of Jane, tomato and BA_Lurker is higher than $600k. Too much info
1 Like
harriet
49
Donât be sad @tomato, maybe you can laugh at those who buy in 2019.
Yep. Sum of (state tax + property tax + mortgage interest deduction) > AMT hit. You donât lose all of the former because of AMT. it gets adjusted.