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BoardGameGeek» Forums » Everything Else » Religion, Sex, and Politics

Subject: Trump has already raised taxes? rss

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Kelsey Rinella
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Basically, yeah.

Who regards this as sound policy?
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James D. Williams
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"Because more expensive home markets would be more affected by the increase, the reversal certainly hits liberal America harder. Counties like Santa Clara, Alameda, and Santa Cruz, California, and Honolulu and Maui, Hawaii, would see the biggest increases, from $1,253 to $1,448 annually."
Well, the deplorables in the middle Class should expect to take a few casualties in this conflict.


 
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Robert Wesley
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While then Mnuchin "repossesses" theirs in order for them being "in the marked-up market" yet again NOW! It's "*G-O-L-D*", Jerry! Even for them's UNNEEDED more.
 
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J.D. Hall
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On the other hand, if you can afford to buy a house in:

Quote:
Because more expensive home markets would be more affected by the increase, the reversal certainly hits liberal America harder. Counties like Santa Clara, Alameda, and Santa Cruz, California, and Honolulu and Maui, Hawaii, would see the biggest increases, from $1,253 to $1,448 annually.


You can afford to shell out a few more bucks. I know Republicans were not happy with the cut. Trump's playing with his team.
 
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Greg Michealson
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Koldfoot wrote:
He reversed an Obama action announced last week that hasn't gone into effect yet?

Off with his head.


Sounds a bit extreme, but OK.
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Kelsey Rinella
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remorseless1 wrote:
On the other hand, if you can afford to buy a house in:

Quote:
Because more expensive home markets would be more affected by the increase, the reversal certainly hits liberal America harder. Counties like Santa Clara, Alameda, and Santa Cruz, California, and Honolulu and Maui, Hawaii, would see the biggest increases, from $1,253 to $1,448 annually.


You can afford to shell out a few more bucks.


I've never understood this reasoning. It's obviously a bad inference, right? At least for something that's a very expensive luxury (yachts, say), you can both expect that you're in a fairly non-price conscious bracket, and you might not be too sympathetic if they couldn't get one. But even there, an increase in price will make SOME difference.

But part of the problem with areas that have high real estate prices is that people are usually stretching MORE to have a house, not less. Housing isn't a luxury, and if prices have been increasingly quickly for years, it can seem better to borrow to the limit of your ability in order to acquire an asset you expect to appreciate rather than paying very high rents which don't net you any equity. And those are the only options--you have to live somewhere, so you can't just stay out of the real estate market entirely the way you can with the yacht market.
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Mac Mcleod
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Hey hey! Trump supporters are now for higher taxes.

Me, I'd be like.. "what? I'm a homeowner. Why did you make it one of your top priorities to raise my taxes?" if I was still paying my house off.

It's amazing.
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Brian S.
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Koldfoot wrote:
maxo-texas wrote:
Hey hey! Trump supporters are now for higher taxes.

Me, I'd be like.. "what? I'm a homeowner. Why did you make it one of your top priorities to raise my taxes?" if I was still paying my house off.

It's amazing.


Orrrrrrr, it could be conservatives think govt shouldn't be in the home loan business at all, but if they are they ought to turn a hefty profit.

Other than that, I know nothing of this topic. Please enlighten me how it is a tax? Is it a tax in the sense it is a fee and not a tax in the least?
It's insurance. For a $200,000 home, it would have been a $40 per month cut. Not an insignificant amount for new home owner. Nickels and dimes.
 
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Chad Ellis
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I don't see much here.

The Federal government helps low-income people get mortgages by providing insurance. The rate they charge is subject to debate; lower rates make it easier for people to buy homes but increase the risk of default. There's only (IIRC) been one bailout of the program, during the financial crisis, but 1>0.

The Obama administration cut the rate last January, in response to improving solvency in the fun, and then again now. Given that it's been on schedule I don't see any reason to see this as a last-minute shenanigan, but at the same time I don't see anything surprising or concerning that Trump essentially said, "Put that change on hold; we'll review it ourselves and decide what should happen."

I don't know nearly enough about the program even to have an opinion about whether the rate change is a good idea or not, but I don't see anything problematic about what happened. And I think calling it a tax increase is a stretch.
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Brian S.
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Chad_Ellis wrote:
And I think calling it a tax increase is a stretch.
Perhaps, but it's additional revenue going to the government.
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Kelsey Rinella
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Koldfoot wrote:
Please enlighten me how it is a tax? Is it a tax in the sense it is a fee and not a tax in the least?


First, can you explain the difference you see between a tax on x and a fee for x? I confess, I've never been clear on the distinction.
 
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rinelk wrote:
Koldfoot wrote:
Please enlighten me how it is a tax? Is it a tax in the sense it is a fee and not a tax in the least?


First, can you explain the difference you see between a tax on x and a fee for x? I confess, I've never been clear on the distinction.
It's so you can fake out the Supreme Court. ACA conversation on its way.
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Chad Ellis
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Vrooman wrote:
Chad_Ellis wrote:
And I think calling it a tax increase is a stretch.
Perhaps, but it's additional revenue going to the government.


Even if we were talking about a literal tax, if the outgoing administration issues a cut and the incoming one puts it on hold before it even ones into effect, I wouldn't say that the new President raised taxes.
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Kelsey Rinella
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Chad_Ellis wrote:
Vrooman wrote:
Chad_Ellis wrote:
And I think calling it a tax increase is a stretch.
Perhaps, but it's additional revenue going to the government.


Even if we were talking about a literal tax, if the outgoing administration issues a cut and the incoming one puts it on hold before it even ones into effect, I wouldn't say that the new President raised taxes.


That's fair. Would you say he basically raised taxes, or effectively raised taxes, or don't you think those qualifiers go far enough?
 
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