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Started By
Message
Please, won't someone think of the Marin County mansion owners
Posted on 12/17/17 at 2:44 pm
Posted on 12/17/17 at 2:44 pm
Sen Dianne Feinstein
?
@SenFeinstein
The Republican tax bill caps the mortgage interest deduction at $750,000 for new mortgages. In California, seven counties have average home prices that are more than $750,000: Alameda, Marin, Orange, San Francisco, San Mateo, Santa Clara and Santa Cruz counties. #GOPTaxScam
11:58 AM - Dec 17, 2017
LINK
14
Posted on 12/17/17 at 2:46 pm to Jbird
quote:These also happen to be among the 25 richest counties in the nation.
Alameda, Marin, Orange, San Francisco, San Mateo, Santa Clara and Santa Cruz counties.
So, she seems to be arguing against tax hikes for muh rich???
Posted on 12/17/17 at 2:48 pm to Jbird
Lol. Progs do everything they can to ensure that housing remains as financially unattainable as possible for the working class, and then they bitch because their holdings are so expensive.
Posted on 12/17/17 at 2:48 pm to Jbird
I don't understand this portion of the bill. Mortgage Rates are different in different areas and as the mortgage is paid down, the interest diminishes. Why isn't this just a dollar cap?
Posted on 12/17/17 at 2:51 pm to Jbird
If you can afford to get a mortgage of $750k, I think you can afford to eat a little interest.
Posted on 12/17/17 at 2:52 pm to Jbird
quote:
In California, seven counties have average home prices that are more than $750,000: Alameda, Marin, Orange, San Francisco, San Mateo, Santa Clara and Santa Cruz counties. #GOPTaxScam
11:58 AM - Dec 17, 2017
I'm sure this is going to play REAL strong to the Dem base. Yeah. You know. The "little guys" they fight for.
Trump has got to be thinking to himself.
"Well, OK. I mean if you insist. Run around telling Americans how my policy likely means higher taxes for people who can afford homes over $750K!!!!"
Posted on 12/17/17 at 2:54 pm to Jbird
I work with an engineer who earns probably $150k a year. His wife doesn't work. He lives in NYC. His house has no yard, a single car garage and only 1300 square feet. Value is $765,000.
It's not just the rich. Some areas of the country have property values that are just ridiculously expensive.
It's not just the rich. Some areas of the country have property values that are just ridiculously expensive.
Posted on 12/17/17 at 2:54 pm to Jbird
quote:
Sen Dianne Feinstein
?
@SenFeinstein
The Republican tax bill caps the mortgage interest deduction at $750,000 for new mortgages. In California, seven counties have average home prices that are more than $750,000: Alameda, Marin, Orange, San Francisco, San Mateo, Santa Clara and Santa Cruz counties. #GOPTaxScam
11:58 AM - Dec 17, 2017
Dear Sen Feinstein
But I thought this tax bill was a boon for the 1%?
Posted on 12/17/17 at 2:54 pm to Jbird
quote:Oh my, those poor people!
average home prices that are more than $750,000
What will they do?
Posted on 12/17/17 at 3:02 pm to Jbird
I am sure all the Bernie Sanders SJW's have already starting writing sympathy cards for these homeowners. Good try Diane.
Posted on 12/17/17 at 3:03 pm to Jbird
They still get the deduction, but it is capped. It's not like of you house is worth more than 750k, you cannot deduct any of the interest.
Posted on 12/17/17 at 3:07 pm to Jbird
Watching the Dems in these coastal states fight this plan by lamenting that their rich constituents have to pay more taxes is hilarious.
Posted on 12/17/17 at 3:23 pm to Jbird
Buy cheaper houses.
Posted on 12/17/17 at 4:12 pm to Jbird
Hmmm...What happened to the "I'm happy to pay a little more..." folks on the left?
Posted on 12/17/17 at 4:17 pm to Jbird
So democrats want to tax the rich but when the GOP does they cry about it ? Sounds like democrats still don’t stand for anything .
Trump and the GOP should push the hell out democrats not waiting to tax the rich . Show the voters their true colors . I would like to see what Bernie has to say about it. He can’t be against the tax plan for the rich .
Trump and the GOP should push the hell out democrats not waiting to tax the rich . Show the voters their true colors . I would like to see what Bernie has to say about it. He can’t be against the tax plan for the rich .
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