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Two different scenarios. One, a tax credit that reduces

Posted on: August 31, 2024 at 09:17:45 CT
TigerMatt MISS
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the government stealing money is a positive. If I am a first time home buyer and I get my federal taxes owed reduced by $25K, that is a good thing and will not affect home prices. In reality I’d still be the one paying the $25K since I’d already need to have the cash on hand. Then come tax return time, I’d get my stolen money back from taxes I paid throughout the year. Which I could then use elsewhere.

The other scenario, if the government just cuts a check for $25K to the seller, that is increasing home prices.
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Libs - do you think Harris' 25K tax credit for 1st time home - 90Tiger STL - 8/31 08:10:56
     If by tax credit, a dollar for dollar reduction in taxes - TigerMatt MISS - 8/31 08:19:39
          RE: If by tax credit, a dollar for dollar reduction in taxes - BH O'bonga MU - 8/31 08:33:04
               Let’s assume it is really a $25K payout called a tax credit. - TigerMatt MISS - 8/31 08:57:33
                    So by "positive step" you meant it will make housing - phrejd KC - 8/31 09:05:02
                         No. If it is a tax credit that just reduces taxes owed, then - TigerMatt MISS - 8/31 09:08:25
                              So it would be harder to buy a house - phrejd KC - 8/31 09:12:15
                                   Two different scenarios. One, a tax credit that reduces - TigerMatt MISS - 8/31 09:17:45
                                        Both will increase them(nm) - tman MU - 8/31 10:56:09
                                             Nein. You are arguing that taxation is good to keep down - TigerMatt MISS - 8/31 11:21:36
                                                  Tax cuts put more money in people’s pockets - haeffb MU - 8/31 11:42:34
                                                       So increasing taxes is good because it will bring down the - TigerMatt MISS - 8/31 14:32:09
                                        They both increase home prices, Matt (nm) - phrejd KC - 8/31 09:23:30
                                             That's highly unlikely. - tigerdb MU - 8/31 12:28:28
                                             Nah. The first scenario, that $25K return on taxes - TigerMatt MISS - 8/31 09:28:32




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