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Its time blue states start paying their fair share of Federal taxes. Using high state taxes to avoid paying Federal taxes is a scam.
so the feds can tell states how large a state deduction can be?? what are the advantages/disadvantages for the feds??
thanks all replies
This is not a state deduction. It is a federal deduction. It simply says that people can deduct up to $10K of their state and local taxes (SALT) from their federal tax obligation. The federal government isn't telling state governments anything. If states like Maryland don't like the new cap on the SALT deduction, then they should reduce their income taxes and property taxes so that no one but the very rich have to pay more than $10K in SALT.
Capping the SALT deduction at $10K was a brilliant move that puts pressure on high-tax states to stop taxing the hide off their citizens. Furthermore, why should people in low-tax states subsidize the state taxes of people in high-tax states? $10K is a very reasonable cap. Even in a high-tax state, you have to be in the top 10% of income earners to be affected by the new SALT cap.
The new cap “disrupts the longstanding balance of taxing power between the states and the federal government,” Mr. Frosh said Thursday.
The states still have the power to raise or lower their own tax rates. Idiots.
NY is raising taxes to fund paid parental leave and they think they have a problem with a shrinking tax base now?Democrats have been advocating for tax increases for years, now they are upset? It seems impossible to please these people.
With what? A tax break.The high tax states were being subsidized by the low tax states through state tax deduction. It was unfair.
After Blue wall default wages will even out nationwide. Afterall isn't that the goal of the Ds?With what? A tax break.The high tax states were being subsidized by the low tax states through state tax deduction. It was unfair.
Most blue States are donor States.After Blue wall default wages will even out nationwide. Afterall isn't that the goal of the Ds?With what? A tax break.The high tax states were being subsidized by the low tax states through state tax deduction. It was unfair.
Yeah. They donated their brains.Most blue States are donor States.After Blue wall default wages will even out nationwide. Afterall isn't that the goal of the Ds?With what? A tax break.The high tax states were being subsidized by the low tax states through state tax deduction. It was unfair.
Simply playing shellgames with Statism is just politics, not business or Commerce.
2017’s Most & Least Federally Dependent StatesYeah. They donated their brains.Most blue States are donor States.After Blue wall default wages will even out nationwide. Afterall isn't that the goal of the Ds?With what? A tax break.The high tax states were being subsidized by the low tax states through state tax deduction. It was unfair.
Simply playing shellgames with Statism is just politics, not business or Commerce.
Most of the blue States are at the bottom, along with the other least federal dependent welfare queen States of our Union.And the Blue Wall accounts for nearly all over spending default probable states, your point?
Hey, dipshitsky. Do a little research on those red states on the list. They all have major cities that are mostly Democrat. Like Birmingham, for instance. That's where most of that money goes. Looking at the state level is deceptive. Try looking at cities instead. The ten poorest and most violent cities are all run by democrats. That's a fact.2017’s Most & Least Federally Dependent StatesYeah. They donated their brains.Most blue States are donor States.After Blue wall default wages will even out nationwide. Afterall isn't that the goal of the Ds?With what? A tax break.The high tax states were being subsidized by the low tax states through state tax deduction. It was unfair.
Simply playing shellgames with Statism is just politics, not business or Commerce.
right wingers couldn't handle it.Hey, dipshitsky. Do a little research on those red states on the list. They all have major cities that are mostly Democrat. Like Birmingham, for instance. That's where most of that money goes. Looking at the state level is deceptive. Try looking at cities instead. The ten poorest and most violent cities are all run by democrats. That's a fact.2017’s Most & Least Federally Dependent StatesYeah. They donated their brains.Most blue States are donor States.After Blue wall default wages will even out nationwide. Afterall isn't that the goal of the Ds?With what? A tax break.
Simply playing shellgames with Statism is just politics, not business or Commerce.
Hey, dipshitsky. Do a little research on those red states on the list. They all have major cities that are mostly Democrat. Like Birmingham, for instance. That's where most of that money goes. Looking at the state level is deceptive. Try looking at cities instead. The ten poorest and most violent cities are all run by democrats. That's a fact.
