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California renters will come out ahead with new tax plan while homeowners will see a higher tax bill under GOP plan. You constantly hear that owning a home is a no brainer in California because you will always get major tax benefits. Well the new GOP tax plan is actually going to benefit California renters while California homeowners in crap shacks will see higher tax bills.
Every tax bill that comes out seems to favor homeowners.
But the way the tax bill is setup, crap shack owners are going to actually have to pay more and renters are going to benefit nicely from the much larger standard deduction.
We are now seeing some scenarios where this is playing out. Crap shacks getting more expensive The L.
Times has a piece where they examine various households in regards to the proposed tax plan. In one example you have a professional couple that bought a crap shack in Redondo Beach 3 bedrooms and 2 bathrooms — your standard million-dollar SoCal home.
They are going to see an increase in their tax bill: So there goes the argument that every piece of legislation actually benefits homeowners. Not in this case and in many other cases where people over paid for crap shacks. There is another scenario presented in the L.
Times with a professional couple that earns even more than the high income professional homeowner couple: Not that they care or even spend two seconds thinking about people in SoCal but the way this tax plan is setup, crap shack owners are the folks who will take it in the shorts the most.
The top one percent is going to make out like bandits of course: A lot of folks in L. Our deficit continues to soar and people are diving deep into crypto-currencies.
And we are going to add many more renter households in L. Just look at where all the building permits are going: These are the households that will start benefitting under the new tax plan.
Is this a secret ploy to turn California blue? Just like Alabama went blue recently, there is so much at play that things are happening unintentionally here. So this may be part of the overall strategy. On the fence for so many years and finally bought my 1.
I hedged the bet by telling myself that I would live in the house for at least 10 years.kaja-net.com Provides Free Packers Movers, Car Transport and Transportation Enquiry.
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