Quote:
Originally Posted by Corbic
So you want rich people to get tax write offs for owning million dollar mansions now?
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no, but the point I was getting at is that the tax deduction cap actually ends up squeezing a lot of people in the middle.
my house was bought in 2005. it wasnt like I bought this when it was high, but the assessed value has more than doubled and with the cap it has made people like me unable to deduct a portion of this.
but if you want to just equate $10k in deductions as a symbol of "rich people.... owning million dollar mansions" then you clearly are in a bubble of your own and no amount of facts will change your mind.
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