Wed Oct 24, 2012, 10:40 PM
leftylauren (51 posts)
Why isn't Romney getting hammered on his plan to limit middle class tax deductions to $25K or $17K
Last edited Wed Oct 24, 2012, 10:41 PM USA/ET - Edit history (1)
or whatever magic number he pulls out that day?
This equates to a tax increase on middle class taxes or the only way to make his math work. I know his bogus "6 studies" are talked about in liberal circles but I don't hear anything about it in the regular media. I'd be willing to bet very few middle class Romney voters understand this or the impact it would have on their own pocket book or the economy if it ever were implemented.
5 replies, 261 views
Why isn't Romney getting hammered on his plan to limit middle class tax deductions to $25K or $17K (Original post)
|Heather MC||Oct 2012||#3|
Response to doc03 (Reply #1)
Wed Oct 24, 2012, 10:54 PM
Heather MC (4,809 posts)
3. I do because of my mortgage and my
dh and I have small businesses that take us well over 17k plus our charitable donations. for example this year we donated my DH's car. We hate trying to sell stuff. if you get a mortgage of 300k getting over 17k in deductions gets real easy. and in northern va 300k is a "cheap" mortgage crazy but true
Response to Heather MC (Reply #3)
Wed Oct 24, 2012, 11:02 PM
doc03 (13,843 posts)
4. I know about northern Virginia, I lived in Arlington 66-68 and costs were
double what it was in Ohio even then. That is one main reasons I moved back to Ohio I also hated city life, traffic, crime and the taxes
Response to leftylauren (Original post)
Thu Oct 25, 2012, 12:00 AM
hollysmom (1,290 posts)
5. heh, I have 17K in deductions this year because of medical bills and real estate taxes.
I would rather not have it and skip the surgery and disease.
So if you have over 17K do you get to opt out of cancer?