BuckToothMoron
Gold Member
- Apr 3, 2016
- 9,895
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Paul Ryan, Captain Bone Spur, & Mitch think they were so clever as they passed an income tax bill that appears to punish blue states by limited the deduction on state & local taxes.
They were probably laughing & thought they were such a bunch of clever people.
The Democrats need to gain 24 seats this year to take over the House.
California & New York are two states whose residents will pay more because of the bill.
Those two states also have 23 Republican Congressmen.
Throw in a few more blue states & the numbers nears 40. 40 Congressmen who must explain why their party singled them out & punished them by making them pay higher taxes.
Funny chit huh?
The Dems are spinning this as punishment for the blue states. The GOP is too stupid to spin it for what it is- VERY PROGRESSIVE.
Consider a person in NYC renting an apartment and making less than $150k per year. That person is not considered rich and they will get to keep their entire state tax bill deduction. Same with people living in California. I haven’t heard a single GOPper describe this a s progressive, a tax on the rich and well off, folks making over $150k per year.
No spin. It targets blue states & does so on purpose.
But it is progressive. It is a tax on people in the top 5-10%. So I am guessing you’re safe.
Average Income in America: What salary in the United States puts you in the top 50%, top 10%, and top 1%? - Wallet Hacks
Deciles (and more)
The deciles won't be too clean cut because the table is set up as salary ranges, but you can read this table as “how much do I need to earn to be considered top X% of salary earners.”
(A range means the decile falls somewhere in that range)
- 5%: $130,000
- 10%: $90,000
- 20%: $60,000
- 30%: $50,000
- 40%: $40,000
- 50%: $30,000
- 60%: $20,000 – $24,999
- 70%: $15,000
- 80%: $5,000 — $9,999
- 90%: $0.01 — $4,999