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Wrong. You still pay property taxes, including personal property taxes for all your equipment, furniture, office supplies, etc. You still pay the taxes on all your employees, real property, street taxes (where applicable), State and Federal UI, the list goes on...Bullshit. If your business loses money you don’t have a tax liability
You’re an idiot
Inflation is due to monetary policy of the government. For example, the more money you print, the higher inflation goes, which effects everything in the economy, even housing prices. And as things become more expensive, the material to build houses becomes more expensive. And setting interest rates, which the government does, also effects how much house you can afford or not afford.Note to those without 2 brain cells. The federal government, regardless of who's president or which party has the majority, have nothing to do with housing or rent prices.
Indeed , the wealthy do yet the right can't figure that out
No, the most you can get is a 3-year carry-forward on the loss.In fact you can get a refund
Texas property taxes are horrific. When it comes to state and local taxes, there's not much difference between red and blue states. Except for a very few exceptions. States like California where the taxes are insane and states like NH where somehow they run their state on a fraction of what everyone else spends. Alaska has the oil money. Ditto to some degree in Wyoming. But there are quite a few red states who vampire suck the people on taxes no different than the blue states.In Texas a few years ago, Abbott and the 80% Republican majority gave us all a tax break on our property value's. They dropped the percentage a little bit. We were all excited and so glad we had Republicans in our state legislature.
That is until the new appraisals went through and our property taxes skyrocketed. Most doubled. Some tripled.
It was a liberal-like tactic from the republicans. And that fucker down there still brags about reducing the tax "percentage." And blames this higher appraisals on Biden and the democrats.
Inflation is due to monetary policy of the government. For example, the more money you print, the higher inflation goes, which effects everything in the economy, even housing prices.
You know nothing about cooking the books.No, the most you can get is a 3-year carry-forward on the loss.
If you way overpaid your quarterlies, and you lose big in the last quarter you might get some of your money back, but businesses don't really pay quarterlies that way...
It is supply and demand. Today, houses are at a premium because there is not enough housing. Why is there not enough housing, because housing it not being built. Why is housing not being built, a lot of it has to do with things like the government shutting down the entire economy because of Covid, making everything in society in high demand.It doesn't affect housing prices. That's just an excuse that's used to sell your property for more money and/or the state to appraise your property for a higher amount. (so they can collect interest)
Housing doesn't have a bunch of employee's to pay every week, who need more every week because everything else is going up. The only price increases that are affected by inflation, are things that are tied to labor & wages.
This includes everything you buy at the store or online. Food, furniture, clothing etc etc etc.. All those things takes labor.
Your house doesn't.
A brand new, never lived in home, yes. Not one that's already been lived in.
You know that’s not a federal tax right?Yes you do DUMB ASS. God if you are going to jump into a discussion don't arrive IGNORANT as AOC. BUSINESS PROPERTY TAX look them up, then apologize to the forum for looking extra stupid.
The OP is using a source that is highly questionable and youth aren't running from Biden.
It is supply and demand. Today, houses are at a premium because there is not enough housing. Why is there not enough housing, because housing it not being built. Why is housing not being built, a lot of it has to do with things like the government shutting down the entire economy because of Covid, making everything in society in high demand.
Again, all caused by the government.
You know he was referring to State taxes in your post #14 reply, right?You know that’s not a federal tax right?
That's pretty dumb. If you have to cook the books to survive the taxman, you should shut the doors, or move to a friendlier tax jurisdiction.You know nothing about cooking the books.
So you’re bitching at Biden over state and local taxes… that occur in every state?You know he was referring to State taxes in your post #14 reply, right?
Which you incorrectly claimed was not the case if the business made no money, right?
He’s doing everything possible to fulfill a campaign promiseAnd now you know why he's trying to use your money to buy their votes back with the college loan payola scheme.
