this post was submitted on 21 May 2025
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United States | News & Politics
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I would suggest it's more like a gift, which is only taxed after an obscene amount.
Also, frankly I'd suggest not looking at it like it's unfair to give this to them and instead look at it more like, good for them, now how can we help hourly and salaried workers? I'm not going to punch down at service workers, myself.
There was talk of not taxing overtime (although the details of the plan are such garbage that it wouldn't actually help very many people). Something like that might help hourly workers similarly.
Salaried workers and workers like myself who are only nominally hourly ( the expectation is that I will book exactly 40 hours every week) are still left out, but I'm doing alright and would be happy to see others taken better care of first.
I'm suspicious of this tax "cut", why are Republicans supporting this when they hate the working class?. I think it's just for optics, in reality it doesn't change much for most people.
I understand your skepticism. In Michigan they are proposing to exempt seniors (70+) from property tax, which seems good to me, but I'm suspicious as hell that it's a Republican proposing it.
Could just be it's a gimme to their base, but I'm suspicious it's more nefarious.
Exempting the people who own most of the property from having to pay property tax is a great way to bankrupt schools and fire stations...
Do 70+ year olds own most of the property? I don't know the proportion of property owned by 70 year olds. You could be right.
My personal experience is that people are transitioning to assisted living around that time. Also by keeping the property owned instead of allowing it to be moved to a trust, that has inheritance tax implications, and it also is going to require the property to be sold and that money all spent before medicaid will cover a nursing home.
It's complicated and interacts with a number of other things going on, which is why I'm struggling to understand all the implications.