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https://twitter.com/KellyO/status/913476923849920518 Hahahahahahahahahahahaha 🌋🌋🌋🏘🏘🏘🌋🌋🌋
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Sep 28, 2017 20:25
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Mr Hootington posted:https://twitter.com/KellyO/status/913476923849920518 literally the opposite of true. same with the state and local tax deduction.
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Sep 28, 2017 20:36
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If they get rid of the mortgage deduction home prices are going to crater.
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Sep 28, 2017 20:38
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Potato Salad posted:What are your thoughts, if any, on Facebook as an easy-entry platform for misinformation? i think it's unlikely billions in spending was sidelined by less than 150k of spending on ads that read like nigerian prince emails. if that's the case then those billions were spent extremely poorly besides, i dunno how ads supporting blm are supposed to have sowed discord that would hurt hillary, so i dunno what amount of that $150k was actually targeted at hillary clinton, or if even a large amount of it was i also think it's a bit silly to be going full in on info that's just hearsay atm Condiv fucked around with this message at 20:59 on Sep 28, 2017 |
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Sep 28, 2017 20:47
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Stereotype posted:If they get rid of the mortgage deduction home prices are going to crater.
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Sep 28, 2017 20:50
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Queue attack ads of "donald trump and [Republican Congressman Here] voted to raise taxes on middle class homeowners" in 2018.
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Sep 28, 2017 20:52
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And the "No poo poo Sherlock" Award for September goes to...Adam Jentleson of Politico, for his article, "The Myth of Mitch McConnell, Political Super-Genius"!!! quote:In the Myth of McConnell, grand achievements are conjured out of last-minute, crisis-driven exercises in can-kicking—like extending the U.S. borrowing authority and government funding—all things that used to happen routinely before McConnell became leader of the Republican Caucus and unleashed his unique brand of unprecedented obstructionism on the Senate, manufacturing the very crises that made the last-minute deals necessary. Meanwhile, humdrum political events, like winning reelection in a deep red state in a strong year for Republicans—as McConnell did in 2014—are recast as achievements of Machiavellian brilliance. I am glad someone in the MSM is actually, you know, saying it, though.
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Sep 28, 2017 20:57
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Stereotype posted:If they get rid of the mortgage deduction home prices are going to crater. https://www.nbcnews.com/politics/2016-election/trump-2007-i-m-excited-housing-market-crash-n578761 quote:Donald Trump counseled Trump University students to take advantage of the housing bubble as an investment opportunity and said, just a year before it burst, that he was “excited” for it to end because of the money he’d make.
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Sep 28, 2017 21:03
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The last housing market crash was a boon for the rich. Why not jumpstart the next. They know they will get bailed out.
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Sep 28, 2017 21:04
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The Trump tax plan doesn't remove the mortgage interest tax deduction. It doesn't do anything to the Mortgage Interest Deduction. "At worst" it makes it so that you are getting the same benefit as before, but you could have gotten it while renting instead. What the journalist was asking (and this is pretty dumb of the journalist) is "What about people who bought a house because of the deduction, but are low enough income that the new standard deduction will eliminate their tax burden? Now, they can get the same tax benefit if they rented. What about people who bought only because of that?" The effect on the housing market is going to be between 0 and nothing. Anyone who was in the edge-case scenario where that 6,000 in taxable income was the one thing pushing them to finally buy a house is not going to have any impact on the supply or demand for housing in the U.S. as a whole. It just makes taking the standard deduction slightly more attractive if you are in a very narrow band of people who: - Are deciding whether to buy or rent - Are within $6,000 in taxable income of the taxable income threshold of the current deduction level - Have a home that has annual mortgage interest costs more than the difference between the old standard deduction and the new standard deduction, but income low enough that a lot of the mortgage interest deduction was "wasted." It will have no impact on people's ability to buy a home. It will just make renting slightly more financially attractive if you are lower-middle income.
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Sep 28, 2017 21:07
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Leon Trotsky 2012 posted:The Trump tax plan doesn't remove the mortgage interest tax deduction. It doesn't do anything to the Mortgage Interest Deduction. Ah. So the tax plan is good? Thank you for clarifying that it is good.
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Sep 28, 2017 21:10
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Mr Hootington posted:Ah. So the tax plan is good? Thank you for clarifying that it is good. No, it is generally bad. But it makes no changes to the mortgage interest tax deduction and will have absolutely no impact on the housing market, let alone cause "another housing crisis."
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Sep 28, 2017 21:11
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Leon Trotsky 2012 posted:No, it is generally bad. Well now you have me confused. Post your sources or it is all bs.
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Sep 28, 2017 21:18
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Mr Hootington posted:Well now you have me confused. Post your sources or it is all bs. You can just google it and see it doesn't change the mortgage deduction dude
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Sep 28, 2017 21:28
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Koalas March posted:
In general this is a cool and good idea, but goon charity drives have a decidedly mixed history. It might be better in TGRS since there seems to be a pretty strong core of regulars there, but that didn't stop that one guy from tricking LF into buying him skinny jeans.
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Sep 28, 2017 21:37
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Mod Message Incoming
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Badger of Basra posted:You can just google it and see it doesn't change the mortgage deduction dude Ah so his thesis is unsourced drivel. Typical USPol.
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Sep 28, 2017 21:45
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Mr Hootington posted:Ah. So the tax plan is good? Thank you for clarifying that it is good. What is the obsession with a leap of logic that correcting someone who misunderstands something auto means that the person is pro-whatever the topic is. I see this a lot (not specifically you) but it's absurd and needs to stop as it causes like half the slap fights. Mr Hootington posted:Ah so his thesis is unsourced drivel. Typical USPol. Just the worst. https://www.washingtonpost.com/busi...m=.7db1a346a93a Boon fucked around with this message at 21:53 on Sep 28, 2017 |
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Sep 28, 2017 21:46
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Instant Sunrise posted:Here's the thread the Iraq War prediction came from: this is amazing to look at
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Sep 28, 2017 21:49
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Main Paineframe posted:In general this is a cool and good idea, but goon charity drives have a decidedly mixed history. It might be better in TGRS since there seems to be a pretty strong core of regulars there, but that didn't stop that one guy from tricking LF into buying him skinny jeans.
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Sep 28, 2017 21:55
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RaySmuckles posted:this is amazing to look at Out of all of the amazingly off-base predictions, the one I'm most astonished by is how many of them thought it wouldn't lead to increased terrorism in the U.S. 
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Sep 28, 2017 21:56
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Majorian posted:Out of all of the amazingly off-base predictions, the one I'm most astonished by is how many of them thought it wouldn't lead to increased terrorism in the U.S. I don't know why you think that's wrong. No doubt it got quite a few terrorists to go to Iraq to kill people there instead of here. Ultra-Right White Supremacists, that is
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Sep 28, 2017 21:59
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Taerkar posted:I don't know why you think that's wrong. Little thing called ISIS, for starters? 
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Sep 28, 2017 22:01
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You kinda ignored the rest of the post.
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Sep 28, 2017 22:02
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Taerkar posted:You kinda ignored the rest of the post. I didn't, I just read it wrong. 
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Sep 28, 2017 22:03
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Very few people buy homes specifically for the mortgage interest deduction. Most people who own homes don't even understand it, and many get a fairly minimal benefit from it. If you're a married couple you already have a standard deduction over $12,000. So, assuming no other itemized deductions (and most people have pretty few itemized deductions) you need mortgage interest of over 12k to have any benefit. to have 12k in mortgage interest per year at today's rates, you're looking at mortgage of over $300k, which means probable a house worth $360,000, which is close to double the median home price. A single filer with a $6k standard deduction is much more likely to get some benefit out of it, but even then it's generally not a huge benefit. The decision whether to buy or rent is not going to rest on this deduction, it's going to be waaaay down on the list.
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Sep 28, 2017 22:03
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Hellblazer187 posted:Very few people buy homes specifically for the mortgage interest deduction. Most people who own homes don't even understand it, and many get a fairly minimal benefit from it. If you're a married couple you already have a standard deduction over $12,000. So, assuming no other itemized deductions (and most people have pretty few itemized deductions) you need mortgage interest of over 12k to have any benefit. to have 12k in mortgage interest per year at today's rates, you're looking at mortgage of over $300k, which means probable a house worth $360,000, which is close to double the median home price. A single filer with a $6k standard deduction is much more likely to get some benefit out of it, but even then it's generally not a huge benefit. The decision whether to buy or rent is not going to rest on this deduction, it's going to be waaaay down on the list. Except you forgot the other itemized deductions that offset the mortgage deduction and make itemizing more likely. And you also get the PX regardless of whether you itemize or not which this plan removes
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Sep 28, 2017 22:19
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Main Paineframe posted:In general this is a cool and good idea, but goon charity drives have a decidedly mixed history. It might be better in TGRS since there seems to be a pretty strong core of regulars there, but that didn't stop that one guy from tricking LF into buying him skinny jeans. I am taking full responsibility. I am literally putting my face on it, making videos (first one should go up today) etc. I am completely accountable for the entire thing, so I hope that instills a bit of trust.
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Sep 28, 2017 22:22
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Koalas March posted:I am taking full responsibility. I am literally putting my face on it, making videos (first one should go up today) etc. I am completely accountable for the entire thing, so I hope that instills a bit of trust. Ok but how large is your desire for skinny jeans?
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Sep 28, 2017 22:34
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Push El Burrito posted:Ok but how large is your desire for skinny jeans? I prefer dresses and skirts to pants anytime I can get away with it.
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Sep 28, 2017 22:41
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Push El Burrito posted:Ok but how large is your desire for skinny jeans? Brother_Aziz needed those pants. I like to think that if you're at the point in your life where you're ripping off a bunch of well-meaning internet forum users and lying about needing pants for an interview then you have more problems then I do and therefore need the money
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Sep 28, 2017 22:42
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Deceptive Thinker posted:Except you forgot the other itemized deductions that offset the mortgage deduction and make itemizing more likely. And you also get the PX regardless of whether you itemize or not which this plan removes I didn't forget the personal exemption, removing it is bad. I'm just responding to the very specific statement that "people don't buy houses for the deduction" which is absolutely 100% true. Edit: Although, I will say the vast majority of my clients do not get a state income tax deduction because of where I'm located so that might be influencing my perceptions of who itemizes and who doesn't.
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Sep 28, 2017 22:50
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Hellblazer187 posted:I didn't forget the personal exemption, removing it is bad. I'm just responding to the very specific statement that "people don't buy houses for the deduction" which is absolutely 100% true. I itemize and am a single filer, and my taxes will go up most likely. I'm fine with being an edge case, but that doesn't mean it isn't bullshit, especially since the rest of the plan gives giant cuts to the wealthy and corporations. I'd gladly pay more taxes for proper UHC or UBI or other such progressive programs.
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Sep 28, 2017 23:03
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hanales posted:I itemize and am a single filer, and my taxes will go up most likely. Yes, I agree the "reforms" as displayed in the framework are bad. I'm literally just responding to the idea that people buy homes because of the deduction. Was the deduction part of your decision to buy a home? How much on average per year has the mortgage interest deduction saved you? Would you have not bought a home without it? That's what I'm responding to.
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Sep 28, 2017 23:17
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I wish I was surprised at the mortgage deduction debate. I'm vaguely for it but it's, like, the least important element of the tax reform stuff imaginable.
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Sep 28, 2017 23:18
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Main Paineframe posted:In general this is a cool and good idea, but goon charity drives have a decidedly mixed history. It might be better in TGRS since there seems to be a pretty strong core of regulars there, but that didn't stop that one guy from tricking LF into buying him skinny jeans. Goons funded a school in haiti. Goons also funded swap.avi and Doobie's Dawg House.
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Sep 28, 2017 23:18
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kzin602 posted:Goons funded a school in haiti. I want to know about all these. I know of the Grover House.
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Sep 28, 2017 23:19
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GreyjoyBastard posted:I wish I was surprised at the mortgage deduction debate. A bad man said a true thing while defending a bad thing and because I'm a terrible goon autist I need to make sure everyone knows that I think: 1) The man is bad 2) The bad thing is bad 3) The true thing is true And that's stupid and bad and I regret ever being a part of it because both the man and the thing are bad.
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Sep 28, 2017 23:21
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Jaxyon posted:I want to know about all these. We used to have a thread and get updates on the school. I actually wonder about it now that all the hurricanes tore through, but regardless, it was a genuine good thing. SA actually did some legit, real world good. I would like to capture that spirit and do it again. This time it is goons helping goons. TGRS has a minority-majority population, which are more likely to be devalued, disenfranchised and in vulnerable positions. We were successful raising funds for posters before and we would like to do it on a bigger scale. I'm really trying to put myself out there and do some good with this. I know I say this all the time but it's true: I genuinely care about the posters here and I want to help everyone any way that I can. My door is always open to all of you. ❤❤❤ edit: but not my literal door. Some of yall are creepy. Koalas March fucked around with this message at 23:33 on Sep 28, 2017 |
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Sep 28, 2017 23:29
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Jaxyon posted:I want to know about all these. Here's the school. https://forums.somethingawful.com/showthread.php?threadid=3521233 The saga of a racist alabama hot dog man, and the goon's children that gave up Christmas https://forums.somethingawful.com/showthread.php?threadid=3571910 swap.avi is a goon funded porn, best described as a reverse snuff film, it kills you.
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Sep 28, 2017 23:30
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Jaxyon posted:I want to know about all these. It's spelled "groverhaus." 
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Sep 28, 2017 23:32
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