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Interesting facet of Michigan tax law:
Post #54,551
by
admin
10/2/02 5:53:04 PM
Reply
Interesting facet of Michigan tax law:
Renters can get a "Homestead Credit" (as can home owners) based on the amount of rent paid, up to a certain maximum income.
Note that it is a credit, not a deduction, and hence worth more.
Regards,
-scott anderson
"Welcome to Rivendell, Mr. Anderson..."
What's your thoughts on buying a place in this econ?
- (
inthane-chan
)
- (38)
- Oct. 2, 2002, 11:20:43 AM EDT
Re: What's your thoughts on buying a place in this econ?
- (
deSitter
)
- Oct. 2, 2002, 11:23:36 AM EDT
Keep in mind...
- (
admin
)
- (5)
- Oct. 2, 2002, 11:25:18 AM EDT
Exactly what happened to me
- (
drewk
)
- (2)
- Oct. 2, 2002, 11:41:46 AM EDT
One other thing though...
- (
admin
)
- (1)
- Oct. 2, 2002, 11:47:18 AM EDT
Student loans are already a deduction.
- (
inthane-chan
)
- Oct. 2, 2002, 12:05:36 PM EDT
Also, keep in mind property taxes.
- (
a6l6e6x
)
- (1)
- Oct. 2, 2002, 05:37:11 PM EDT
Interesting facet of Michigan tax law:
- (
admin
)
- Oct. 2, 2002, 05:53:04 PM EDT
What doe s Marysville look like for housing and how far is
- (
boxley
)
- (1)
- Oct. 2, 2002, 12:40:18 PM EDT
One big problem.
- (
inthane-chan
)
- Oct. 2, 2002, 01:19:00 PM EDT
Beware the bubble
- (
marlowe
)
- (16)
- Oct. 2, 2002, 12:53:34 PM EDT
Less chance of a bubble in residential real estate
- (
drewk
)
- (11)
- Oct. 2, 2002, 01:15:35 PM EDT
Seattle == Silicon Valley/2
- (
inthane-chan
)
- (6)
- Oct. 2, 2002, 01:27:04 PM EDT
We're looking to sell soon.
- (
Brandioch
)
- (5)
- Oct. 2, 2002, 03:13:24 PM EDT
Hey, where do you work, anyways?
- (
inthane-chan
)
- (4)
- Oct. 2, 2002, 03:37:45 PM EDT
One Convention Place
-NT
- (
Brandioch
)
- (3)
- Oct. 2, 2002, 07:50:48 PM EDT
LMAO!
- (
inthane-chan
)
- (2)
- Oct. 3, 2002, 11:12:39 AM EDT
Week after is the soonest.
- (
Brandioch
)
- (1)
- Oct. 4, 2002, 11:34:00 AM EDT
Need contact info...
- (
inthane-chan
)
- Oct. 4, 2002, 11:42:52 AM EDT
Nearly 100% chance IMO
- (
ben_tilly
)
- (3)
- April 20, 2003, 10:37:33 AM EDT
Re: Nearly 100% chance IMO
- (
deSitter
)
- (2)
- April 20, 2003, 11:00:53 PM EDT
Yes
-NT
- (
ben_tilly
)
- (1)
- April 20, 2003, 11:05:01 PM EDT
Econ Laureate LRPD: Unintended consequences
-NT
- (
Ashton
)
- April 21, 2003, 05:38:58 AM EDT
Commented on that in my original post.
- (
inthane-chan
)
- (3)
- Oct. 2, 2002, 01:23:48 PM EDT
Doesn't add up
- (
drewk
)
- (2)
- Oct. 2, 2002, 01:57:36 PM EDT
The houses aren't what's causing it.
- (
inthane-chan
)
- (1)
- Oct. 2, 2002, 02:06:07 PM EDT
OK, I get it. In the 70s that land would be 2 dozen lots.
-NT
- (
drewk
)
- Oct. 2, 2002, 02:28:12 PM EDT
You need to compare it to the alternatives.
- (
Another Scott
)
- (2)
- Oct. 2, 2002, 02:36:43 PM EDT
Something else re: condos
- (
drewk
)
- (1)
- Oct. 2, 2002, 03:26:24 PM EDT
To add another twist:
- (
admin
)
- Oct. 2, 2002, 04:51:33 PM EDT
Don't
- (
ben_tilly
)
- (2)
- Oct. 2, 2002, 07:52:46 PM EDT
Here's the trick:
- (
inthane-chan
)
- (1)
- Oct. 4, 2002, 11:50:59 AM EDT
Quick questions to ask yourself.
- (
ben_tilly
)
- Oct. 5, 2002, 05:49:49 PM EDT
Totally depends on when and where
- (
wharris2
)
- Oct. 4, 2002, 11:59:18 AM EDT
Rent is a ripoff
- (
tuberculosis
)
- (4)
- Oct. 11, 2002, 10:32:02 AM EDT
Re: "mortgage payments are equity"
- (
a6l6e6x
)
- (2)
- Oct. 11, 2002, 11:34:42 PM EDT
Thought about it
- (
tuberculosis
)
- (1)
- Oct. 16, 2002, 11:08:25 AM EDT
No need for 20% down to avoid PMI.
- (
Another Scott
)
- Oct. 16, 2002, 12:34:56 PM EDT
Don't forget to factor in:
- (
wharris2
)
- Oct. 14, 2002, 05:28:49 PM EDT
i
we
they
.org
He's using his E.T. powers!
104 ms