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2016 Postmortem
In reply to the discussion: Liberal, not Conservative policies turned CA's $42 BILLION dollar deficit into $850 million surplus [View all]BlueCaliDem
(15,438 posts)39. Not true.
According to Taxslayer, an online tax preparation service:
The IRS will allow you to deduct certain state and local taxes you paid during the year on personal property (such as a car or a boat). To be deductible, the tax must be charged to you and must have been paid during the tax year.
Deductible personal property taxes are only those that are based on the value of the personal property. For example, if you pay a yearly fee for the registration of your car, you may pay part of the fee for the tag and part of the fee in ad valorem tax. In fact, part of the fee, depending on your state, may even be based on other factors such as the weight of the vehicle. Only the ad valorem tax that was paid may be deducted because it is the part of the fee that is based on the value of your vehicle.
In addition, to be deductible the tax must be charged to you on a yearly basis. Even if it is actually collected more than once a year or less than once a year, it must be charged to you annually.
http://www.taxslayer.com/support/69/What-Personal-Property-Taxes-qualifies-for-a-deduction?language=1
Deductible personal property taxes are only those that are based on the value of the personal property. For example, if you pay a yearly fee for the registration of your car, you may pay part of the fee for the tag and part of the fee in ad valorem tax. In fact, part of the fee, depending on your state, may even be based on other factors such as the weight of the vehicle. Only the ad valorem tax that was paid may be deducted because it is the part of the fee that is based on the value of your vehicle.
In addition, to be deductible the tax must be charged to you on a yearly basis. Even if it is actually collected more than once a year or less than once a year, it must be charged to you annually.
http://www.taxslayer.com/support/69/What-Personal-Property-Taxes-qualifies-for-a-deduction?language=1
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Liberal, not Conservative policies turned CA's $42 BILLION dollar deficit into $850 million surplus [View all]
BlueCaliDem
Aug 2014
OP
I think it is also important to point out that Brown is mostly a very **progressive**
newthinking
Aug 2014
#50
But our "liberal media" will not cover the facts and will continue to push the ..
Botany
Aug 2014
#5
Do you think we'd be better off under the koch/GOP? This Californian says ABSOLUTELY NO!
calimary
Aug 2014
#24
The point is that without D control we would still have that $340-b in debt AND MORE.
stopbush
Aug 2014
#48
Absolutely. We also expanded access to healthcare, including access to abortion.
SunSeeker
Aug 2014
#9
Yep! And added a wide range of dental services under CA's Medi-Cal (ObamaCare medicaid expansion)
BlueCaliDem
Aug 2014
#12
Yep. And even with higher taxes and the rich paying more of their share, Beverly Hills STILL looks
calimary
Aug 2014
#25
The Vehicle Registration fees hike was not Progressive or Regressive, it's Retroactive Tax
itsrobert
Aug 2014
#29
That mythical HUGE vehicle tax increase was used by Republicans to boot Gray Davis out.
BlueCaliDem
Aug 2014
#34
Actually only a small portion of the annual vehicle registration fee is tax deductible.
itsrobert
Aug 2014
#37
Yes, it is. Every liberal policy that's benefited this country throughout history
BlueCaliDem
Aug 2014
#62
"I'm not sure I could turn my back on a thug ... who would be watching MY back? "
BlueCaliDem
Aug 2014
#63