then that amount over $10,000 is how much money you can no longer write off against your Federal Taxes with the new tax bill. So, if it is $10,000, $20,000 or $30,000 like it is for many many California residents who are property owners then this $10,000 to $30,000 or more extra is how much more you are going to be paying yearly because of the new Federal Tax Bill per year. (unless) you turn your home into a business (by renting it) which allows you then to write off the entire property taxes as a business expense on both your federal and state returns in most cases in most states. to better understand this article the best way might be to click on wrod button two lines down which will give you more information than I can on this page because of the way the HTML loads through my loaders through Compose at blogger.com
So, this is going to hit fixed income or retired people on a fixed income like a ton of bricks and if they don't move quickly enough they will lose their homes to the 1% that like the Tax bill. However, if you don't want your home Stolen by Trump's tax bill vote in Democratic Congressmen and women so they will repeal this part of the tax bill within a year or two.
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Paul Ryan deletes tweet about tax cuts after Twitter backlash
Washington (CNN)House
Speaker Paul Ryan deleted a tweet Saturday touting the GOP tax overhaul
after critics called him out for appearing out of touch with the
reality of low-income individuals' financial situations.
The
tweet shared the story of a secretary who, according to a report by the
Associated Press, was "pleasantly surprised her pay went up $1.50 a
week."
"A secretary at a
public high school in Lancaster, PA, said she was pleasantly surprised
her pay went up $1.50 a week ... she said [that] will more than cover
her Costco membership for the year," Ryan tweeted with a link to the
full article.
A basic Costco membership costs $60 a year.
People, including several prominent Democrats, noted on social media that $1.50 per week is not a significant pay bump.
"Paul
Ryan deleted his embarrassing tweet of a blatant admission because he
and Republicans don't want you to know the truth: the #GOPTaxScam is a
gift to corporate America and the top 1% at your expense," Rep. Nancy
Pelosi, D-California, tweeted. "He also doesn't want you to know he got
$500.000.00 from the Koch family."
Jon Favreau, a former Obama
staffer, tweeted: "As a thank you for passing a $1 trillion corporate
tax cut, Paul Ryan received $500,000 in campaign contributions from the
Koch brothers, which would probably cover the cost of buying a Costco."
"Remember, if you don't
think benefits like an extra $1.50 a week and free Hostess snacks are
good enough, you're the one who's out of touch," he added.
Rep. Keith Ellison, D-Minnesota, also tweeted a link to the since-deleted Ryan tweet, writing: "Wells Fargo, fresh off of defrauding millions of Americans, gets $3.4 billion."
California
Lt. Gov. Gavin Newsom tweeted with a screen shot of Ryan's tweet:
"Guess someone told Paul Ryan you shouldn't go around praising yourself
for giving a working person an extra $1.50 a week — because he deleted
this tweet."
Ryan's office did not immediately return CNN's request for comment.
Ryan's challenger also took the opportunity to fundraise off the flub.
Randy
Bryce, the Democrat running to unseat Ryan in Wisconsin, tweeted:
"Moments ago, @PRyan deleted this tweet after we told him just how out
of touch he was. Show Paul Ryan what you think of his tax bill. Chip in
$1.50 now to help us repeal and replace Ryan permanently this November."
Republicans passed a major tax overhaul in December, which was considered one of Ryan's primary focuses in Congress.
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