Posted on 02/27/2019 4:46:29 PM PST by jazusamo
That stupid bitch doesn’t understand the concept behind her question. She’s a puppet. No way AOC even understands real estate or tax burdens.
Duhhhhhh... doesn't everyone try to minimize taxes?
Did he do it LEGALLY... that's the question.
Appealing tax assessments is routine. Why? Because the assessors often get it wrong. The assessment notices even state that there is a certain period for appealing the assessment. The only thing that would be illegal is providing false information to the assessor or whomever is hearing the appeal.
“You cannot talk to them , negotiate, or reason with them, there starting point is your elimination by any means.”
Very true, and would it not be nice if the Congressional Republicans, i. e. the Turtle, understood that.
But maybe they do. I think about Paul Ryan and I wonder.
If being well off disqualifies one to be president, then I should be running. Broke, in debt and just barely old enough constitutionally. Also, an N.B.C., unlike her gal pal Kamala.
I, too, have asked the County Assessor to 'deflate' the assessed value of my property. Last year, the Assessor agreed to my request, based on sales of comparable properties in my area, and I got a 'reduction' of my annual property tax Bill for next year.
There is no violation of law here. My Income Tax Return will show only the total amount of my Property Tax Deduction, no evidence of wrongdoing, even if I HAD bribed the Assessor for the reduction in Assessed Value.
The hype claims Cohen would expose crimes committed by the President while in Office. Yet, NO statute violation was cited, no specific evidence of a statute violation submitted. Six wasted hours of pure Political Theater from the Swamp Metroplex...while our President was in Vietnam making genuine efforts toward a safer, gentler World.
If I am reading the message correctly AOC is saying by reducing the value of your assets you can claim that amount to offset your taxes. Please tell me that is correct. If so I will immediately claim my assets have dropped about $7,000 this year.
Probably much the same as many of us have had to do in petitioning the local appraisal board to reduce our property taxes.
You and I both know this is a continuation of the witch hunt. Nobody gets to reduce their property tax on their own. The local board makes all the decisions and they usually don’t favor any of us very much at all.
This is a show trial for the little people with even littler heads and brains.
Our only way to save ourselves from this mess is revolution.
“There is something grotesquely wrong with our system of government wherein imbeciles ascend into positions of governance. I don’t know what the fix is short of revolution.”
Sounds Orwellian doesn’t it?
I also don’t know of another fix.
It isn’t working.
I have a property tax guy on retainer. Every year he reviews the property tax and appeals it when necessary. My property taxes are the lowest in the neighborhood.
[[[[I have been a CPA for 40 years and I have no idea what they are talking about. ]]]
Something about a tire tube.
These people are acting in bad faith. Not only is it clearly he was lying TODAY, which even CNN had to admit, about wanting or not wanting a job at the White House but this whole thing is kabuki theatre designed to create Fear, Uncertainty an Doubt (FUD) in this President and develop a narrative pretext for a deep fishing expedition and raise the spectre of impeachment doing in to 2020.
It’s political road apples.
“No one said anything about “selling the asset” or taking a tax deduction for a “loss.”
Cohen said what you request a deduction.
People here are simply pointing out that his statement makes no sense, and explaining that the only way to take a deduction would be to sell the asset at a loss.
I think it would have made more sense if Cohen has said “request a reduction”, meaning a reduction in the assessed value. Maybe that’s what he meant to say, but he said “deduction”, which rendered his statement nonsensical.
You could tell by her expression little pea brain knew
she was way out in the weeds. She wished to hell she
could change the subject to climate change, an issue
she erroneously thinks she knows about.
So, the tax department has authority to grant a deduction from your asset's value so that you realize a reduction in your (property) tax burden which, in turn, causes a reduction in your Itemized Deductions on your Income Tax returns leading to an INCREASE in your Federal and State Income Tax burden unless, of course, you have Prior Loss Carryovers so large that you pay no Income Taxes at all until you run out of Capital Loss Carryovers.
And he mumbled and stumbled around...it took Classy Rep. Meadows to help him walk thru a difficult event from that new member, who did refer to MEADOWS AS RACIST...
TYPICAL WORD for liberals to use...they were taught by the best racist, Barry Hussein..
I was wondering what Cummings problem is he was using a walker after the lunch break and two huge body guards helped get him in his cushy leather seat...I also wonder if he has any White race people working on his office staff? if not that would be very racist of him...
Doesn't really matter, democrats rule and have a goal set to follow...they want total control of House, Senate, and White House...
Pray daily that does not ever happen...
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I have been a CPA for 40 years and I have no idea what they are talking about.""
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This has nothing to do with a CPA.
What they're talking about is the assessed value of property. Every year the gov sends a property tax bill which is overinflated. They figure out how much the income and expenses were on your building and how much you profited. The property owner then has to show evidence to prove that the gov is wrong and that the property is overvalued.
Trump did nothing wrong. EVERY landlord does this. The deadline for applying for lowering property tax bill is March 1 in NYC.
Bill Clinton claimed charity deductions on his tax return for donating his USED underwear!
I wonder if he did say “reduction” and it wasn’t clear to the listeners..Could be but “at this point, what difference does it make?”
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