Originally Posted by
grump
I read in today’s local shoe shine rag that Il Douche has caused a cluster**** of epic proportions with his antic recommendation that people prepay their 2018 property taxes, a proposal he made without any prior ruling by the IRS that such a prepayment would be deductible on a 2017 return.
It’s created a massive headache for municipalities that have had to repay hundreds of thousands in overpayments, people have lost the productive use of that money for months and may face IRS penalties all because they raced to the call of an idiot. The shoe shine rag quotes 2 experts who reassure taxpayers that they needn’t fear increased audit risk...perhaps they’ll agree to represent for free those who are audited if it turns out they’re wrong.
One of these clowns actually said that the federal government is meddling in state tax matters. Of course, he’s one of the ones affected by the tax changes but his whining isn’t special pleading, of course not! And the federal government certainly wasn’t meddling in state tax law when it decided to allow virtually unlimited deductibility of state and local taxes. And it wasn’t meddling when it allowed the deductibility if state income taxes thereby imposing a larger federal obligation on states that were prudent enough not to mulct their own residents for wasteful state spending. Hell, even the local shoe shine rag points out that the vast majority of upstate tax payers aren’t even affected by the tax changes. In fact, only 22% or so of New York taxpayers file a long form return.