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Old 01-03-2019, 07:27 AM   #82
Biggd
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Quote:
Originally Posted by fatlazyless View Post
1913-2017: unlimited local prop tax deduction off your federal taxes ..... effective for tax year 2018: $10,000 maximum limit on same ........

So's, only seems fair for the $10,000+ prop tax payer, now under attack from the fed, to have the option for renting it out maybe two or three of those rainy June-July weeks for something like $3000/week and let someone else go play in that cool, clammy June-July lite misty rain that's been present for the last ten years what with the global warming.

It seems to me ...... that there otta be a law against this new tax law!
That tax change on real estate tax deduction will have zero effect on rich people buying or building multi million dollar homes in the lakes region. Most of those McMansions are empty 90% of the time, not rented for extra income to pay taxes.
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