Reply To: Tax Reform and Tsadakkah

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#1436623
Ex-CTLawyer
Participant

@Syaglchochma
My comment about the increase in the personal exemptions being meaningless to me as we have no dependents was in reaction to a post on the parallel thread to this where it was stated a typical frum family with 8 children would do better with the increased personal exemptions than they did itemizing.

I live in a mature community. It grew as a suburb during the white flight of the late 1960s and early 70s. Very few frum families are left with children of the age who are still dependents on parents’ tax returns. Our last married in August and 2017 will be the final return where we and the in-laws can claim the children on our returns.
The talk at shul this Shabbos kiddush was how many of us will make our Florida homes our main abode. Establish homestead status to lower property tax in Fla, be guaranteed no state income tax under the FL Constitution, sell our CT homes and just come north for a month for the Yomin Noraim (as my parents did for 25 years.

I’ve been looking at the local zoning and tax codes and I could turn our compound into 5 unit condominium development with amenities with each unit sold having a property tax under 8K. It is a serious consideration.