Trump should drop the Medicare monthly premium! My parents and their employer paid Medicare taxes for 50 years and now my parents have to pay a Medicare premium AND also buy an additional medical insurance plan because Medicare is crap coverage! Their monthly Medicare costs are over $200 more than they were paying when Dad was employed and on his employer’s insurance! Where did their tax dollars go and where are mine going?
Yes, he's letting banks give out more loans and print more debt, the Federal reserve loves Trump. We need people to stop commuting usury and start living within their means. They will raise the price of the car to offset the lack of interest payments.
I don't know, all this does is put that money into the pockets of banks. I'd rather they just add up all the $'s this tax deduction would be worth across all people, and just reduce everyone's taxes by that amount.
I remember around 1984. Bought a new truck because the interest was deductible. When we ended up paying additional taxes and driving an old car, I said I'd rather buy new and take the deduction.
He's chipping away at the income tax. I think he is keeping under wraps that he is going to put into place a....Constitutional Republic. With only the legitimate agencies run efficiently, little or no tax will be needed.
I remember when credit card interest, house loans interest, and some others were able to be claimed when filing taxes. Now it is just a "standard" deduction that we are allowed to take. WHY???
Some people have more bills and it would be great to take interest off taxes, but no, we have a standard deduction and it beats all of those things.
I liked the old way. So, to each their own-only the IRS controls it so it is their way, or the lawmakers that made it this, or that, way. We are stuck with what they want to do to us no matter what. Unless we change it by attending meetings, going to our local jurisdictions, etc, (But you know all this).
We used to be able to write off interest on damn near everything.
Trump should drop the Medicare monthly premium! My parents and their employer paid Medicare taxes for 50 years and now my parents have to pay a Medicare premium AND also buy an additional medical insurance plan because Medicare is crap coverage! Their monthly Medicare costs are over $200 more than they were paying when Dad was employed and on his employer’s insurance! Where did their tax dollars go and where are mine going?
To pay for illegals who are getting Medicaid, social security and more.
Thank Obama care for that.
At the rate he’s going. He’ll have most of the upper strata of the Business and Financial World gunning for him.
Just abolish the IRS while we're at it. 👍
T'would be a lot easier than keeping track of all the deductions.
Yes, he's letting banks give out more loans and print more debt, the Federal reserve loves Trump. We need people to stop commuting usury and start living within their means. They will raise the price of the car to offset the lack of interest payments.
Lack of interest payments? Reading comprehension isn't your strong suit.
I don't know, all this does is put that money into the pockets of banks. I'd rather they just add up all the $'s this tax deduction would be worth across all people, and just reduce everyone's taxes by that amount.
Flat Tax, Fair Tax, or no tax.
American made cars should be added to that IMO.
It was once. I forget how long ago.
I remember around 1984. Bought a new truck because the interest was deductible. When we ended up paying additional taxes and driving an old car, I said I'd rather buy new and take the deduction.
But, but, but how will the government make money if folks write of interest payments? Peasants shouldn't be free.
He's chipping away at the income tax. I think he is keeping under wraps that he is going to put into place a....Constitutional Republic. With only the legitimate agencies run efficiently, little or no tax will be needed.
Bring back the mortgage deduction and leave the standard deduction alone...
I remember when credit card interest, house loans interest, and some others were able to be claimed when filing taxes. Now it is just a "standard" deduction that we are allowed to take. WHY??? Some people have more bills and it would be great to take interest off taxes, but no, we have a standard deduction and it beats all of those things.
Std. Deduction to me is a great relief, because who wants to waste time tracking every postage stamp and penny?
Plus, people shouldn’t be encouraged to go into debt so much.
"Plus, people shouldn’t be encouraged to go into debt so much."
This. Right here.
I liked the old way. So, to each their own-only the IRS controls it so it is their way, or the lawmakers that made it this, or that, way. We are stuck with what they want to do to us no matter what. Unless we change it by attending meetings, going to our local jurisdictions, etc, (But you know all this).