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no_hypocrisy

(46,202 posts)
Sun Feb 11, 2018, 10:12 AM Feb 2018

While Trump's "tax reform" is odious and should be repealed ASAP,

at the same time, I can't see how governors in NY and NJ can change paying property taxes ($10,000 maximum deduction for state taxes and municipal taxes) into charitable trusts. If I paid $15,000 to a town's "charitable trust," the fact that it's a charity has implications. Implications that payment is voluntary. And there would be no legal consequences if I chose to pay a fraction or not pay at all. How would tax liens work if taxes were called charity in name only?

As much as I want a return to total deductions of all municipalities in all states, I can't see this suggestion being viable.

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While Trump's "tax reform" is odious and should be repealed ASAP, (Original Post) no_hypocrisy Feb 2018 OP
Make it optional. Voltaire2 Feb 2018 #1
We're still stuck at an impass if it's charity. There's no legal leverage no_hypocrisy Feb 2018 #2
Again: you have a regular tax bill. Voltaire2 Feb 2018 #3
Interesting...I hadn't heard of this concept...at least (continued below) SWBTATTReg Feb 2018 #4

no_hypocrisy

(46,202 posts)
2. We're still stuck at an impass if it's charity. There's no legal leverage
Sun Feb 11, 2018, 10:28 AM
Feb 2018

to compel you to pay it. The concept of charity is it being a voluntary donation.

Voltaire2

(13,194 posts)
3. Again: you have a regular tax bill.
Sun Feb 11, 2018, 10:35 AM
Feb 2018

You have two options on how to pay it.
1. As a tax.
2. As a donation.

You have to pay your taxes, you can choose how to pay them.

SWBTATTReg

(22,171 posts)
4. Interesting...I hadn't heard of this concept...at least (continued below)
Sun Feb 11, 2018, 10:39 AM
Feb 2018

they are trying to come up w/ proposals to allow their citizens to deduct these > $10K state and local taxes (combined, annually).

Perhaps a dual ownership w/ multiple owners on a property, splitting the property taxes into equal shares (resulting in under $10K tax payments for each partner in the partnership owning the property)? Of course if each home etc. is incorporated as part of a business, then all expenses would be allowable.

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