The Goat Pen

Jungle Rat wrote: ↑Thu Jun 23, 2022 11:25 am Slum Lords don't get tax credits.

innocentbystander wrote: ↑Wed Jun 22, 2022 5:32 pm

DooKSucks wrote: ↑Wed Jun 22, 2022 4:04 pm

innocentbystander wrote: ↑Wed Jun 22, 2022 12:53 pm

This is why democrats always want to raise taxes to try and cover the deficit and expand government. You don't need to do that. As you said DS, you need to stop they corruption.

Shocker, there should be NO tax credits. No tax deductions either. No tax credits/deductions for mortgages and housing, not for children, no charitable deductions, no EITC for the poverty peasant people, no nothing. Dump 'em all. You remove all the credits and deductions, lo-and-behold, no more possible corruption. And you can fire a whole bunch of IRS people because you will need far fewer audits and there will be far fewer investigations for fraud.

When you really think about it, these credits and deductions, they really only benefit the most careful, clever, calculating people who know ALL the tax code laws and fill out all the forms OR they hire the best tax attorneys. You need time, wisdom, intelligence, and planning to "game-the-system" to your advantage based on the current tax code/laws. There shouldn't BE a way to do that with our tax codes. Flatten them out, remove all credits and deductions. Keep it simple. This should be a bi-partisan issue.

And for the really poor people who pay no tax (because they make so little or maybe nothing at all), yeah they lose the EITC, but that just means (for once) they are finally paying into the system what they owe by not taking OUT OF THE SYSTEM what they never paid! Plus they will be happy to know that the people who do pay tax, they are going to have to pay all their tax.

You have no idea what tax credit housing is. I know that's surprising for everyone here, but you don't know how tax credit housing works.

Of course I do.

https://www.taxpolicycenter.org/briefin ... es-it-work

That should not exist. Government should NOT be in the business of encouraging private investors to build or rehabilitate "affordable" housing. No. NFW. There should be no incentives. And why? As you said DS, incentives create corruption.

You want to build affordable housing? Good for you. I own and rent out affordable housing to people with not much money. My tenants are retirees and they don't have a pot to piss in. They give me what they can afford (well below market rate.) So why do I do this? I do so because I am a Christian and I fear God's judgment for not giving back the blessings He has bestowed unto me back to His children. I answer to a higher authority. And I don't need any tax incentives from government to do this.

DooKSucks wrote: ↑Wed Jun 22, 2022 4:04 pmAlso, it's a very popular amongst Republicans.

I don't care who it is for. I don't care how popular it is for Republicans. No tax incentives, no deductions, no tax credits, no nothing. For anyone.

DooKSucks wrote: ↑Thu Jun 23, 2022 12:57 pm

innocentbystander wrote: ↑Wed Jun 22, 2022 5:32 pm

DooKSucks wrote: ↑Wed Jun 22, 2022 4:04 pm

You have no idea what tax credit housing is. I know that's surprising for everyone here, but you don't know how tax credit housing works.

Of course I do.

https://www.taxpolicycenter.org/briefin ... es-it-work

That should not exist. Government should NOT be in the business of encouraging private investors to build or rehabilitate "affordable" housing. No. NFW. There should be no incentives. And why? As you said DS, incentives create corruption.

You want to build affordable housing? Good for you. I own and rent out affordable housing to people with not much money. My tenants are retirees and they don't have a pot to piss in. They give me what they can afford (well below market rate.) So why do I do this? I do so because I am a Christian and I fear God's judgment for not giving back the blessings He has bestowed unto me back to His children. I answer to a higher authority. And I don't need any tax incentives from government to do this.

DooKSucks wrote: ↑Wed Jun 22, 2022 4:04 pmAlso, it's a very popular amongst Republicans.

I don't care who it is for. I don't care how popular it is for Republicans. No tax incentives, no deductions, no tax credits, no nothing. For anyone.

So, you tried to get into the tax credit game without knowing what you were doing and were subsequently shot down? Got it.

Can't say that I'm shocked by your ignorance fueled arrogance that led you to believe you could just start out in the tax credit housing industry and do it without actually knowing a damn thing about it.

Jungle Rat wrote: ↑Thu Jun 23, 2022 1:57 pm Ahhh. Illegals. Gotcha.