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Booking.com gives €28m in bonuses to three top execs; Took €65m in State aid

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Re: Booking.com gives €28m in bonuses to three top execs; Took €65m in State aid

#341
post #281
post #279

Earlier quoted context omitted.

What kind of stuff becomes tax deductible once you get beyond the standard deduction, that doesn't involve having a business, which doesn't have that standard deduction limit anyway? Charitable donations? Medical expenses if you have a really bad time and need to spend more than %4 of your income to cover it?

It’s a long list, the major one is state income taxes, also charitable deductions can cover charities you create which can be a big deal if something you’re doing anyway could qualify. However, some oddities like theft of investments such as gold or artwork and even some fines can be deductible. So sure on it’s own the mortgage tax deduction isn’t always huge, but it’s rarely the only deduction someone could take.

You can't deduct state & property taxes beyond $10k anymore, that deduction has been neutered significantly.

Charitable donations are not a tax dodge scheme for even the people who make $500k/yr, it's way too complicated and expensive to make it a vehicle to direct tax free spending. As an estate tax dodge, yes it is a thing, but again, many high income people don't have $5mm sitting around where that becomes a good idea too.

Theft is also not a reliable tax deduction, and if it was, it would be fraud! And you just lost something!!! I assure you the vast majority are not doing this.

So please, tell me what actual tax deductions you can take as a high income W2 employee that is actually significant

Re: Booking.com gives €28m in bonuses to three top execs; Took €65m in State aid

#342

Earlier quoted context omitted.

>...Who cares if landlords got paid for rent... Hmmm...unfortunately, most landlords are people who own a single rental, often the one they lived in previously that they cannot sell. By not bailing out landlords (not speaking of institutional investors here that buy up distressed mortgages in cash by the hundreds), you've hurt average-earning middle income citizens. So yes, with the moratoriums, you've transferred we…

Most landlords own a single rental, but most rental properties are owned by large companies (notably REITs like MAA that has over 100.000 properties)... So what you're saying is both true (in that it saves average-earning citizens) and false (most of the money went to large corporations like https://en.wikipedia.org/wiki/Mid-America_Apartment_Communit... ).

>...most of the money went to large corporations...

As far as I know, no landlord, large or small got any bailout. Are you saying investor-landlords received some type of direct stimulus? If so, can you elaborate?

Re: Booking.com gives €28m in bonuses to three top execs; Took €65m in State aid

#343
post #280

Earlier quoted context omitted.

This sounds like an issue with that specific home. I’ve never heard of a home with this nanny life threatening issues not be condemned by fire or county authorities.

There are many descriptions of problems with homes managed by IH. Reuters covered a few examples in 2018: https://www.reuters.com/article/us-usa-housing-invitation-sp...

Thanks, they are slumlords is seems

Re: Booking.com gives €28m in bonuses to three top execs; Took €65m in State aid

#344

Earlier quoted context omitted.

A state’s dysfunction is not diminished by the relative largesse and power of its government.

I think you know quite well what I meant.

[redacted]

Re: Booking.com gives €28m in bonuses to three top execs; Took €65m in State aid

#345

Earlier quoted context omitted.

I think you know quite well what I meant.

[redacted]

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