Trump to cut corporate tax rate to 15%

fhl said:
It's a personal return. Any business income that flowed through from an s corp is taxed at personal rates. Deductions also flow through from an s corp and are taxed via the tax code for personal returns.

If it's a c corp, it doesn't flow through to his tax return.

You're just making things up. It's impossible to look at that tax return and tell what would happen. Whether you're making these accusations or you're reading them somewhere, it's just baloney that's being made up. You've stated that he made this tax proposal to save himself all this money and you have zero evidence at all that he would save a dime on his personal return.

Your post can be categorized under fake news.
More...

I can't help it if you didn't even bother to read my link or any news source for that matter. Many of them actually published the pages so you can see it yourself.
 
jem said:
I am not sure this is what follows from your post... but, I don't think eliminating the income deduction by eliminating income taxes would cause the housing market to go down. It would be difficult to correctly model. I would suspect a lot of the money saved in taxes would go into assets... but I don't know. The Fed might jack interest rates.
More...

Eliminating the mortgage deduction would wreck the housing market as every pricing/affordability analysis done on a house has this built in.
 
newwurldmn said:
I can't help it if you didn't even bother to read my link or any news source for that matter. Many of them actually published the pages so you can see it yourself.
More...

Yes i did look at it. Your problem is you don't understand what was on it and are making things up to fill a narrative.
 
I did not see that in the proposal.
I just clicked a few links and did not see it... this time either.

this link seems to say that it will protect home ownership deductions. (which I know is vague.)
http://www.zerohedge.com/news/2017-...iggest-tax-cut-ever-tax-reform-plan-live-feed

But, I would expect that would indeed cut prices in North County San Diego. There is no doubt here that many of the buyers are buying the max mortgage payment for which they qualify. And they make the stretch because of the income tax deduction.



newwurldmn said:
Eliminating the mortgage deduction would wreck the housing market as every pricing/affordability analysis done on a house has this built in.
More...
 
jem said:
I did not see that in the proposal.
I just clicked a few links and did not see it... this time either.

this link seems to say that it will protect home ownership deductions. (which I know is vague.)
http://www.zerohedge.com/news/2017-...iggest-tax-cut-ever-tax-reform-plan-live-feed

But, I would expect that would indeed cut prices in North County San Diego. There is no doubt here that many of the buyers are buying the max mortgage payment for which they qualify. And they make the stretch because of the income tax deduction.
More...

I think I misread The article I read. Mortgage interest is deductible but real estate taxes are not.
 
real estate taxes in San Diego are typically about 1.1% at first. Then they only go up a fraction after that until the property transfers ownership. (in general.) I would suspect its similar in other counties in CA but I don't know for sure.

So losing that deduction might take prices down a little.

newwurldmn said:
I think I misread The article I read. Mortgage interest is deductible but real estate taxes are not.
More...
 
jem said:
real estate taxes in San Diego are typically about 1.1% at first. Then they only go up a fraction after that until the property transfers ownership. (in general.) I would suspect its similar in other counties in CA but I don't know for sure.

So losing that deduction might take prices down a little.
More...

It definitely isn't bullish for housing.

Overall it's looking like this tax proposal is already dead.
 
You must log in or register to reply here.
Back
Top