-
부시의 새로운 Tax 계획안:
모기지이자에 대한 Tax 혜택을 줄이므로 인하여 모기자가 큰 (집이비싼) 지역
에 타격이 있을것 같습니다. 만약 통과되면 …11월 1일자 메큐리 뉴스
Bush panel’s plan: Big tax changes for Californians
By Frank Michael Russell
Mercury News Assistant Business Editor
Register here to get this column by email.
First the good news: A presidential panel wants to make the federal tax system much simpler. But now the bad news: Its ideas could make it much harder to buy a home in high-priced Silicon Valley.
The President’s Advisory Panel on Federal Tax Reform presented two plans today to overhaul the tax code. Both plans would abolish the alternative minimum tax, which over the next few years could be a threat to many middle-income taxpayers in the valley because it’s not indexed to inflation.
In exchange, however, the panel would eliminate or change many current deductions in a way that could be painful for California taxpayers but could be very helpful in lower-cost, lower-tax states such as, say, Texas.
Gone would be deductions for state and local taxes. Tax breaks for employer-provided health insurance would be capped at about $5,000 a year in coverage for an individual and $11,500 a year for a family.
The panel would change the current deduction for mortgage interest (which effectively cuts the cost of a monthly payment by 25 percent for many middle-income Californians) to a 15 percent credit. It would also reduce the $1 million limit on mortgages eligible for the deduction to a regional average home price, about $412,000 in the highest-cost states. Of course, the median price of a home in Silicon Valley is about $705,000.