Greedy Corporation Tricks: The Immorality In Taking Advantage Profiting Off Stupidity

RB 60 said:
My property taxes are over $2000. They're sent from the state, not the federal gov't.
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Rental Income is taxable ... minus the actual expenses and the 'paper loss' of Depreciation.
Property Tax to the County (Parish here) is deductible from total Rent as an 'expense'.

The Landlord receives Rent from the Tenant, part of the Rent is used to pay the Property Tax. That portion of the Rent is NOT considered 'Income'. It's an 'expense'.
 
RB 60 said:
How can one claim expenses if there's no property tax statement?
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The Landlord receives the Property Tax Statement for HIS Property. The Landlord passes on that cost, that expense, to the Tenant.
Look at Schedule E. There's a lot of expenses there.
Notice #12, Mortgage Interest. The Renter is also paying the Mortgage Interest on the Bank Loan.
 
Jack said:
The Landlord receives the Property Tax Statement for HIS Property. The Landlord passes on that cost, that expense, to the Tenant.
Look at Schedule E. There's a lot of expenses there.
Notice #12, Mortgage Interest. The Renter is also paying the Mortgage Interest on the Bank Loan.
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All that is separate from the property tax statement. We pay the state here. We also have county taxes, school taxes and borough taxes. Hell, we even have an employment tax if you work!
That's why they say PA. is "the land of taxes." And this asshole governor (D) wants to tax us more!
 
RB 60 said:
All that is separate from the property tax statement. We pay the state here. We also have county taxes, school taxes and borough taxes. Hell, we even have an employment tax if you work!
That's why they say PA. is "the land of taxes." And this asshole governor (D) wants to tax us more!
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Some States have no 'Sales Tax', ... some States have no 'State Income Tax' ... ALL States have 'Property Taxes'. :(
 
Jack said:
"Local governments provided 45 percent of public school funding in 2013–14, and more than 80 percent came from the property tax. The federal government provided less than 9 percent of the total revenue of public schools, and state governments contributed 46 percent.
The Future of U.S. Public School Revenue from the Property Tax
https://www.lincolninst.edu/sites/.../future-us-public-school-revenue-policy-brief_0.pdf"

TD: "No Jack, that is not true. More than 40% of our population pays NOTHING. Less than 1% pay 40%."
Jack: Property Tax is paid by everyone, even if you are a Renter. (Property Tax is part of the Rent, like every other expense)
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I was talking about Federal taxes JackOff. God you're a dishonest asshole.
 
Jack said:
Just because YOU don't pay Property Tax doesn't mean everybody else doesn't.
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Just as I said, it won't be the last time you're wrong.

You were called out for a stupid statement then proceeded to make one even more stupid than the first.
 
Jack said:
Rental Income is taxable ... minus the actual expenses and the 'paper loss' of Depreciation.
Property Tax to the County (Parish here) is deductible from total Rent as an 'expense'.

The Landlord receives Rent from the Tenant, part of the Rent is used to pay the Property Tax. That portion of the Rent is NOT considered 'Income'. It's an 'expense'.
Click to expand...

ALL rent is income you idiot. The expenses are then accounted for AFTER rents.
 
Jack said:
The Landlord receives the Property Tax Statement for HIS Property. The Landlord passes on that cost, that expense, to the Tenant.
Look at Schedule E. There's a lot of expenses there.
Notice #12, Mortgage Interest. The Renter is also paying the Mortgage Interest on the Bank Loan.
Click to expand...

Fascinating claim; I have never seen any renter get a property tax bill from their landlord. Talking out of your ass again Jack.
 
Jack said:
Just look at the Scandinavian countries and the rest of Europe. Basically, they are all starving and walking around in tattered clothes. How many of these 'Boat People' has America had to turn away?
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What works in the Scandinavian countries is a merging of capitalism and socialism, using each to patch the great gaping holes in the other. That, plus a culture that is far more Christian than what you'll find here.

Sent from my SM-G950U using Tapatalk
 
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