LOL, liberals love Trump's tax plan, when they were told it was bernie sanders plan.

[Theowl32]

Liberals are so stupid.

 

[CrusaderFrank]

They are embarrassing losers.

The only honest answer from these typical morons is the girl at 2:50.

AOC is their fearless leader, how did you think this would go? They celebrate stupid

 

[Deplorable Yankee]

Tax cuts for the rich waaaaaahhhhhh


What Trump’s tax reform did was to restore fairness to the tax code, was to put an end to the injustice of all Americans — including those in the middle class — paying for the sky high tax rates in states like New York.

You see, before Trump reformed the tax code, all Americans were subsidizing the rich.

It used to be that you could write off every penny of your state income tax on your federal income tax. Trump put an end to this outrage. Here’s how it works…

In the state of New York, if you earn over $1.078 million per year, you pay an income tax to the state of almost nine percent.

In other words, using round numbers, a New York resident who earns $10 million owes the state of New York close to $900,000 in income taxes. But…

Democrat-run states like New York knew that their rich residents would not feel the sting of that $900,000 tax bill because that $900,000 could be written off of their federal tax bill.

Basically, this was a sleazy way for Blue States to steal money from federal taxpayers, to make all of us pay for their grotesque tax rates. These Democrat-run states not only got all of this tax money, they also avoided getting voted out of office for over-taxing because the federal write-off removed most of the sting for the wealthy taxpayer.

Thankfully, Trump’s tax bill put an end to this shell game. Whereas before there was no limit on the amount of state income tax you could write off on your federal taxes, now there is a $10,000 limit. This means that the poor sap gutted for $900,000 in income taxes by New York, now eats $890,000 of it, which is as it should be.

Hey, if you’re a rich guy who thinks your taxes are too high, instead of making middle class taxpayers subsidize your ass, maybe stop voting for Democrats? Just an idea.

But now Cuomo is whining about the Orange Bad Man’s tax reform messing up his budget.

“It literally restructured the economy to help red states at the cost of blue states,” he boo hoo’d. “Everything we did economically is right. We tightened our belt, we cut taxes, we’re creating jobs, and here’s a penalty just because we are Democrats.”

Cuomo is not even telling the truth about what caused his shortfall, but even if he was, what this far-left Democrat is actually complaining about is Trump closing a loophole for the super-rich, is people fleeing his state because they are now forced to pay all of that 9 percent income tax now that it can no longer be written off.

The truth, though, is spelled out very well by economist Marty Cantor, who laid it out for a local news outlet.

“The problems here are caused by the governor and his administration,” he told News12, “It’s too expensive to live on Long Island and in New York state. Taxes are too high, people are leaving. It has nothing to do with Trump.”

Here’s the kicker: The $10,000 write-off limit did not go into effect until 2018. So how does Cuomo explain 2017’s $4.4 billion deficit? How did the Orange Bad Man create that one?

 

[Deplorable Yankee]

heres another from Bloomberg

February 04, 2019 01:20 PM
His wealthy clients are fleeing New York like never before
Jeffrey S. Wiesenfeld

To the editor:

Greg David’s most salient point in “Millionaires tax: Kill it, extend it or raise it?” was that 0.6% of taxpayers pay 40% of the state’s personal income tax. I have a good vantage point: I spent 20 years in high-level government service at the city, state and federal level here, followed by the last 20 as a private wealth manager.

I have never seen as many very wealthy clients change residence to places like Florida and Texas as I have this past year, after the loss of state and local tax deductions. The now masters of the one-party control of this state are salivating at their planned “squeezing” of the rich. The rich have been very generous, but they are not stupid. They have mobility. Tax receipts from them in 2019 will shock the state and city finance departments, the governor and the comptroller—especially if they allow the Legislature to raise the millionaires tax.

These people want to give their wealth at their discretion to worthy charities, not to the whims of the misnamed “progressives” and socialists and their redistributive philosophies.

I moved from NYC to the great free state of Tennessee in 2016

Sold my building shut me biz and gave governor Conservatives are no longer welcome in NYS the finger

 

[Deplorable Yankee]

Bernie sanders is a capitalist pig
HE SOLD everyone of his supporters for a house and a nice check roflmao

suckers

 

[keepitreal]

They are embarrassing losers.

The only honest answer from these typical morons is the girl at 2:50.

So you are saying that they are stupid for believing someone who is lying to them?

Ironic!

So you are saying that they are stupid for believing someone who is lying to them?

They are stupid for their ignorance

Voters should make informed decisions