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Author: lowstudent Big funky green star, 20000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 734713  
Subject: Re: Let the attacks begin Date: 11/19/2012 7:00 AM
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LLBERG wrote: I don't know about your state but we give rent credit for the portion that is attributed to taxes.
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So realistically, because some tenant complained only a landlord gets a property tax deduction, the landlord now pays an accountant a little extra to allocate the taxes to the tenant

The landlord, then must cover the expense for the accountant as well as loss for the deduction because the landlord is not going to eat it

The tenants that claim standard deductions are totally screwed with this change, and those that itemize only pay a little more

The politician? He is a hero to those suckers -- gotta be libs
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