|
|
Post by abbey1227 on Sept 17, 2022 15:40:53 GMT
Doesn't that seem like a stat picking situation to you? Like they're counting it as a percentage of the state's budget provided for with Federal funds........as opposed to $Total Amount?
But even if that's the case, I've heard several states have been mooches for decades, Georgia, Alabama, etc etc .....and I'm against it ALL. They've been mooching too long.
And don't forget, it was only recently revealed by Trump that the people living in 'high tax' Blue states actually get to deduct their state taxes off of their federal taxes. Talk about a workaround.
I knew about it because I did my taxes, not that I ever deducted my state tax. You have to have a certain level of deduction to be able to do it. Sort of like deducting your home
do you ever feel, sorta like those Electric Vehicle rebates/kickbacks, that a lot of this stuff is free money mostly for the wealthy?
|
|
|
|
Post by merh on Sept 18, 2022 2:19:36 GMT
I knew about it because I did my taxes, not that I ever deducted my state tax. You have to have a certain level of deduction to be able to do it. Sort of like deducting your home
do you ever feel, sorta like those Electric Vehicle rebates/kickbacks, that a lot of this stuff is free money mostly for the wealthy?
Havent I been saying the tax breaks for the rich far outweigh what the poor get? |
|
|
|
Post by abbey1227 on Sept 18, 2022 2:40:12 GMT
do you ever feel, sorta like those Electric Vehicle rebates/kickbacks, that a lot of this stuff is free money mostly for the wealthy?
Havent I been saying the tax breaks for the rich far outweigh what the poor get?
Yes, but that's often a stat picking maneuver ........... If I pay $1000/yr...........and my wealthy neighbor pays $10,000/yr..........if we both get similar kinds of kickbacks, I'd expect that he'd be able to take advantage of 10X the amount. Right?
|
|
|
|
Post by Prometheus on Sept 18, 2022 3:09:44 GMT
Havent I been saying the tax breaks for the rich far outweigh what the poor get?
Yes, but that's often a stat picking maneuver ........... If I pay $1000/yr...........and my wealthy neighbor pays $10,000/yr..........if we both get similar kinds of kickbacks, I'd expect that he'd be able to take advantage of 10X the amount. Right?
Let's see: if you both get a 2% kickback, then you get $20 and he gets $200 which is 10X the amount
However, that's not usually how it works. How it usually works is that you get a 2% kickback and he gets a 20% (10x more) kickback.
Now it's $20 vs $2,000
Actually even that is wrong as the kickbacks probably don't kick in until you're actually making the $10k, in which case, he gets either $200 or $2,000 and you still get zilch.
|
|
|
|
Post by merh on Sept 18, 2022 8:26:23 GMT
Yes, but that's often a stat picking maneuver ........... If I pay $1000/yr...........and my wealthy neighbor pays $10,000/yr..........if we both get similar kinds of kickbacks, I'd expect that he'd be able to take advantage of 10X the amount. Right?
Let's see: if you both get a 2% kickback, then you get $20 and he gets $200 which is 10X the amount
However, that's not usually how it works. How it usually works is that you get a 2% kickback and he gets a 20% (10x more) kickback.
Now it's $20 vs $2,000
Actually even that is wrong as the kickbacks probably don't kick in until you're actually making the $10k, in which case, he gets either $200 or $2,000 and you still get zilch.
Time was one could write various interest off. Then it was changed so the average Joe couldn't. One had to have enough to file individual deductions, not just take the standard one. Or the elimination of a home office for a personal business. We were able to write 1/5th our rent off claiming the spare bedroom as a home office. I understand it's more difficult to claim now. But Bezos, etc? Of course they have a building. |
|
|
|
Post by abbey1227 on Sept 18, 2022 12:31:25 GMT
Yes, but that's often a stat picking maneuver ........... If I pay $1000/yr...........and my wealthy neighbor pays $10,000/yr..........if we both get similar kinds of kickbacks, I'd expect that he'd be able to take advantage of 10X the amount. Right?
Let's see: if you both get a 2% kickback, then you get $20 and he gets $200 which is 10X the amount
However, that's not usually how it works. How it usually works is that you get a 2% kickback and he gets a 20% (10x more) kickback.
Now it's $20 vs $2,000
Actually even that is wrong as the kickbacks probably don't kick in until you're actually making the $10k, in which case, he gets either $200 or $2,000 and you still get zilch.
you left out all the examples where the wealthy can afford to buy new solar panels or EVS and then get back tax rebates.........whereas the poor can barely afford a junker.  |
|
|
|
Post by Prometheus on Sept 18, 2022 23:01:42 GMT
Let's see: if you both get a 2% kickback, then you get $20 and he gets $200 which is 10X the amount
However, that's not usually how it works. How it usually works is that you get a 2% kickback and he gets a 20% (10x more) kickback.
Now it's $20 vs $2,000
Actually even that is wrong as the kickbacks probably don't kick in until you're actually making the $10k, in which case, he gets either $200 or $2,000 and you still get zilch.
you left out all the examples where the wealthy can afford to buy new solar panels or EVS and then get back tax rebates.........whereas the poor can barely afford a junker. Sorry. ProBoards has a limit as to how long a post can be and I simply don't have time to explain what most of us see as common sense to a moron such as yourself. |
|
![[cheers]](http://storage.proboards.com/7182076/images/engyBVslEdpmpmdnBwZQ.gif)