Quote:
Originally Posted by fatlazyless
Starting tomorrow, January 1, 2018, will the new $10,000 federal income tax limit for deducting your state's income-sales-property tax payments be a-changing the way homeowners think about their very high priced Governor's Island mega million dollar homes?
Maybe Governor's Island will become Governor's Island aka 'too much house' Island?
......................   .................... fearless Donald |
Less, something tells me that the majority of the property owners on Governors Island have taxable incomes that put them above the threshold for being able to deduct any property taxes anyway. Furthermore, the actual tax dollar savings for high income individuals under the new tax plan will far exceed the minimal loss of not being able to deduct anything over $10,000 on property taxes. Therefore, the joke is on you! MAGA!!!