quote:

Originally posted by jigray3:
I never understood why low tax/fiscally responsible sates should subsidize high tax/irresponsible ones. You want freebies, pay for it yourselves.

I think the same way about married taxpayers.

Or those with kids

Or college costs to take credits on

Or teachers freebee deductions

Or preferential tax rates for dividends or capital gains

Or those who defer taxes by saving for retirement

Anyone who takes one of the above entitlements is full on FSA

quote:

Originally posted by marksman41:

quote:

Originally posted by 911Boss:
Well, if they make the state income tax a “charitable contribution” it would follow that the tax is voluntary no?

That's what I was wondering as well. Charitable contributions are not mandatory, and there are limits as to the amount of deduction that can be taken.

Mandatory charity - only in a Liberal mind is that not an oxymoron.

Sounds like you would owe the same state tax, but they would change their state tax law such that you get a direct credit for "donations " to the state, thus reducing your state "tax".

A big part of the tax law the dems don’t like is the property tax deduction limit.

In Illinois, the personal property tax is out of this world! For our house and land that it sits on it’s almost 6k a year. For the same property in say Tennessee, the tax would be around $300.

Go up around or in Chicago and it’s even worse!

After my wife retires, we plan on leaving this state!

Why the surprise? Isn’t that how it usually works?

quote:

Originally posted by jigray3:
I never understood why low tax/fiscally responsible sates should subsidize high tax/irresponsible ones. You want freebies, pay for it yourselves.

What are you talking about?
Generally speaking, the high tax states subsidize the low tax states. Take a look at the chart. If your state is below the red line, then you live in a “welfare” state... accepting more from the federal government than you put in.

quote:

Originally posted by LoungeChair:
Take a look at the chart. If your state is below the red line, then you live in a “welfare” state... accepting more from the federal government than you put in.

I don't think that's the definition of average

It's all "Smoke and Mirrors" these states are looking to divert their own corrupt issues.

quote:

Residents in those high tax states are getting raped without even getting the common courtesy of a reach-around.

We in the rest of the free states just love sharing your tax load because you are so deserving.
well screw you.

quote:

Originally posted by RHINOWSO:
And how can you be forced to donate to a charitable organization?

Just like how one can be forced to buy health insurance-a little bit of legislative over-reach, sprinkled with a touch of judicial activism.

quote:

Originally posted by beltfed21:
A big part of the tax law the dems don’t like is the property tax deduction limit.

In Illinois, the personal property tax is out of this world! For our house and land that it sits on it’s almost 6k a year. For the same property in say Tennessee, the tax would be around $300.

Go up around or in Chicago and it’s even worse!

After my wife retires, we plan on leaving this state!

In CA property tax is 1% of property value as of the last sale/purchase, plus various local bond measures, and they get a small annual increase. In Silicon Valley a single floor 1600 ft house can easily be $1.5 Million or more, meaning the property tax, if you buy at that price, is $15K+ per year. But the prop tax of the house across the street, if it was purchased 30 years ago, could be $3K per year.

quote:

Originally posted by SigMaverick:...

I think the same way about married taxpayers.

Or those with kids

Or college costs to take credits on

Or teachers freebee deductions

Or preferential tax rates for dividends or capital gains

Or those who defer taxes by saving for retirement

Anyone who takes one of the above entitlements is full on FSA

And I am sure you voluntarily pay extra taxes every year just to make sure you don't get any freebies.

In rough numbers the top 50% of the income earners pay 98% of the fed income taxes, so if your income is less than ~$59K per year, you are being subsidized.

And I might mention that dividends get a tax break because dividends are paid out of after-tax money. Corporations have already paid 1/3 of their income in taxes before they pay the dividend, for which they get no tax deduction. Thus dividends are taxed twice.

quote:

Originally posted by Scoutmaster:
if it was purchased 30 years ago, could be $3K per year.

Its worse than that here. They say they reappraise every 3 years or so. But the politically connected seem to somehow get very low appraisals. A friend who was running for the PVA (Property Valuation Administrator) told me it was really a "defensible value". I have no real idea what that means, except they can defend their favoritism. Anyone seeking fairness in a tax system will be frustrated.

Not to rain on any fantasies, but either the 'high-state'tax' Dems are smoking and not sharing, or the journalists reporting on this are.

To get a charitable donation deduction, you have to donate to an IRS-recognized charity. Section 501 etc. And the IRS keeps track. Here's their list of currently-approved charities.

So, this is not just dead on arrival, it is dead before arrival.

quote:

Originally posted by Scoutmaster:
High tax liberal states are worried that if their high taxpayers will no longer be able to deduct state taxes on their fed tax return, such taxpayers will move their money to other states with no or lower taxes, and states like CA will lose revenue.

I'm worried they'll move to other states and bring their commie philosophies with them.

quote:

Originally posted by RichardC:

quote:

Originally posted by Scoutmaster:
High tax liberal states are worried that if their high taxpayers will no longer be able to deduct state taxes on their fed tax return, such taxpayers will move their money to other states with no or lower taxes, and states like CA will lose revenue.

I'm worried they'll move to other states and bring their commie philosophies with them.

I can't say your concerns are unfounded. I can say that next summer when we plan to move after 35 years in CA, we have not been infected with their disease.

quote:

Originally posted by rburg:...A friend who was running for the PVA (Property Valuation Administrator) told me it was really a "defensible value". I have no real idea what that means, except they can defend their favoritism. Anyone seeking fairness in a tax system will be frustrated.

I had a year of tax in college, the prof was a CPA, MBA, Masters of Law in Tax. He would tell us every quarter "the purpose of the IRS is to collect taxes -- they don't have to be fair or honest, and often, they don't really have to follow the law. Also, they don't have to prove their case, they merely assess the taxes and you have to prove they are wrong".

quote:

Originally posted by cas:

quote:

Originally posted by rscalzo:
No, what they will do is start demanding that the politicians start cutting costs and reduce those taxes.

And Jesus is coming back too, I wonder which will happen first.

People are fleeing NY en masse, someone has to make up the tax loss, they're not going to do that by lowering taxes.

Did the NYC mayor just take a $35K salary increase?

Makes one think. . . .

quote:

Originally posted by cas

People are fleeing NY en masse

Really? That's news to me.

I have four acquaintances (separate households) in Westchester and Dutchess counties that pay over $90K per year in property tax.

New York had or still has a "view" tax. If your property has a view, that was an add on to your property tax and it was a considerable amount. Completely subjective and abused.

quote:

Originally posted by Scoutmaster:
I can't say your concerns are unfounded. I can say that next summer when we plan to move after 35 years in CA, we have not been infected with their disease.

When you get to our side, blow the bridge!

quote:

Originally posted by SigMaverick:

quote:

Originally posted by LoungeChair:
Take a look at the chart. If your state is below the red line, then you live in a “welfare” state... accepting more from the federal government than you put in.

I don't think that's the definition of average

The chart only depicts the per capita tax paid to the feds, it does not address the other side of the coin: the per capita payment by the government to citizens of the states. I'd be willing to bet that there is serious disparity in those numbers, too.

flashguy