New tax credit for renters
There’s a pretty hefty list of existing tax breaks for those who own a home, but what about renters? Well, Kamala Harris has previously introduced legislation to provide tax breaks for them, as well.
This Kamala Harris tax reform would’ve created a new tax credit for people who spend over 30% of their earnings on rent and make less than $100,000 per year. The amount of the credit would range anywhere from 25% to 100% of the excess rent, depending on the person’s income.
The bill would’ve allowed individuals living in government-subsidized housing a credit equal to 1/12 of the unsubsidized rent they pay each year. The renter’s credit would be paid monthly to put money in the renters’ hands when the rent check is due.
It would also be refundable, meaning that renters would get a tax refund check if the credit amount surpassed their annual federal tax liability.
Where can I get som of this fertilizer for my lawn? Perfect for the fall growing season.
If ur truly believe this from the Commie two faced liar then u are as dumb as she is. She going to raise taxes on everyone including Corporations which in turn will pass along higher prices to consumers. They not going to lose money. She also tax the hell out of ur 401k u been saving for years to retire. Oh and her 25k to buy a first or a house program she suggests will not apply to 90% of Americans w that little loophole fine print unless u are an illegal. U will get it
Vote Trump & send this craphile back to wherever
Simple flat income tax rate across the board takes all the loop holes and “make taxes fair” which should be the only position anyone should take. Does kamala disavow her father’s Marxist beliefs,unlikely. America is not and should never become a Marxist nation. Want to see unfair look at Marxist and communist countries at the lower income levels. There is no true middleclass in socualist communist or Marxist countries and kamala beliefs will do nothing but bankrupt the country. Why are people so happy thinking about going after the large companies and corporations being taxed more than everyone. And this offshore residents tax is a learned behavior this woman learned in California they are coming after residents that left California for more taxes because we moved. Everyone has an opinion and this is mine just being black doesn’t qualify you to be president anymore than being a girl does. TRUMP 2024
Does anyone really think any of this is HER idea?
A gains tax would destroy home ownership. It would result in massive increase in homeless people. It would also destroy manufactiuing and then our economy. Note: federal tax was 10% for the lowest income under Obama administration but increased to 12% under Biden_Harris administration. So much for helping the lower income, middle class. Moreover, socialism has been tried and failed in every country (even Russia) . Harris’ plans will create chaos and destroy America.