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Glorious SPAM! |
Eff the commies in NY and CA. They voted for their high tax brackets, live with it. I want them to suffer. What are they going to do, vote democrat in the next election as payback??? Live with it you commie fucks. After all it's really only "your fair share". | |||
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Even as a resident of a (relatively) high tax state, I think the SALT deduction needed to go. There are probably a thousand ways to calculate the net flow of Federal taxes in and out of a state, but the SALT deduction is clearly BS. | |||
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| Jack of All Trades, Master of Nothing  |
I don't think California has to worry about, "Losing" and revenue. The state is about to get a huge windfall in tax revenue this year from legalization of marijuana. My daughter can deflate your daughter's soccer ball. | |||
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Member |
Actually they do, since when does the gov't not spend more than they take in with revenue, especially a liberal gov't? No matter how much you give them, they will ALWAYS want more and spend more. What happened with all the windfalls from the tobacco lawsuits in the 90's, the legalization of horse racing, dog racing, casinos, lotteries, scratch-off tickets, etc.? Did any of those windfalls solve their revenue problems? No. ---------------------------------- "These things you say we will have, we already have." "That's true. I ain't promising you nothing extra." | |||
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| No double standards |
Problem is, they prob have already planned how to spend said money (and more) to promote themselves, then scream Trump is cheating them. "Liberty lies in the hearts of men and women. When it dies there, no constitution, no law, no court can save it....While it lies there, it needs no constitution, no law, no court to save it" - Judge Learned Hand, May 1944 | |||
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Member |
If that were true (states taxed it's citizen's more because the tax was deductible), then it should be fair to assume those states will now lower tax rates. I don't see any of those states reducing taxes, especially because the tax is not beneficial to the taxpayer. Any US taxpayer who itemized deducted taxes. The amount deducted was primarily driven by income and financial resources, not the state in which they lived. So while it is nice to say states are mean or nice, the federal government doesn't care, as President Trump proved a couple weeks ago, and Obama, Clinton, and the Bushes proved during their time in office as well. -------------------------- I own a bunch of Sigs with Beavertails... | |||
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:^) |
Note: Not all that live in NYS or CA are "Commie Fucks". | |||
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Mensch |
Thank you. My parents are getting screwed by this. ------------------------------------------------------------------------ "Yidn, shreibt un fershreibt" "The Nazis entered this war under the rather childish delusion that they were going to bomb everyone else, and nobody was going to bomb them. At Rotterdam, London, Warsaw and half a hundred other places, they put their rather naive theory into operation. They sowed the wind, and now they are going to reap the whirlwind." -Bomber Harris | |||
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Member |
I am not an expert on the intricacies of taxes and tax law, but what is the basis of his claim in increasing property and income taxes, if there is one at all (given he's a lying POS politician)? _________________________________________________________________________ “A man’s treatment of a dog is no indication of the man’s nature, but his treatment of a cat is. It is the crucial test. None but the humane treat a cat well.” -- Mark Twain, 1902 | |||
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| The Main Thing Is Not To Get Excited  |
Their federal income tax will be on the same basis of everyone else in the country pays. Maybe up, maybe down maybe no change. the Federal tax return reflect taxes being paid to the .gov. However, previously (2017 and prior) total taxes paid to states ( a simplification, work with me for a mi nute) were deductible on the federal return Under the new laws those tases are capped. For instance if a New Yorker paid $20,000 in property taxes previously, he could deduct $20,000. Now that amount will be capped to (I think $10k). So out New Yorker will have an additional $10,000 of his income subject to tax. There are also sales taxes involved in the same capping scheme. The federal government (Trump, bless him) revised the rax code to lower FEDERAL taxes for most people and in the process removed or reduced deductions that are valuable to high income earners in high taxed states. Trump didn't raise anybody's state taxes. He made those taxes less valuable to many by reducing their deductibility. The same thing applies to medical expenses, they will now be less deductible. I hope that helps. _______________________ | |||
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Member |
+1! — Pissed off beats scared every time… - Frank Castle | |||
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| Member |
President Trump to CA: SALT is capped at $10k. Perhaps time to rethink Sanctuary State, Bullet Train to nowhere, Free medical to all comers, etc. etc. Offshore oil: Drill baby drill. Note for special people in Santa Barbara who thought they'd never see it again - cry me a river... Federal Hands Off Policy for Weed: What, no legalized weed with Federal memo of hands off - look the other way (Prosecution discretion)? The horror. .... | |||
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| Member |
Thanks, wishfull. I am still left wondering how, exactly, the $10K cap will "raise New Yorkers’ property and income taxes by at least 20 percent"? What forces NY state to raise these taxes on their subjects? Or is this all liberal smoke and mirrors? _________________________________________________________________________ “A man’s treatment of a dog is no indication of the man’s nature, but his treatment of a cat is. It is the crucial test. None but the humane treat a cat well.” -- Mark Twain, 1902 | |||
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| Member |
That's Cuomo mincing words. What he means is "Because we tax the everliving fuck out of you, your overall tax liability to the Federal Government may increase since you cannot write off certain things you once could." | |||
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| Member |
It is the effect of paying Federal income tax on the amount over $10,000. Perhaps 20% is the average effective rate for New York residents. | |||
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| Lawyers, Guns and Money  |
OK... fair enough. Not all that live in NYS or CA are "Commie Fucks". I agree. However.... I have a question for you: Why should someone in NY or CA who earns the exact same amount of income pay less federal tax than someone in MO or TN? "Some things are apparent. Where government moves in, community retreats, civil society disintegrates and our ability to control our own destiny atrophies. The result is: families under siege; war in the streets; unapologetic expropriation of property; the precipitous decline of the rule of law; the rapid rise of corruption; the loss of civility and the triumph of deceit. The result is a debased, debauched culture which finds moral depravity entertaining and virtue contemptible." -- Justice Janice Rogers Brown "The United States government is the largest criminal enterprise on earth." -rduckwor | |||
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| Member |
They shouldn't. If states are suddenly so worried about how much tax their residents are paying, they know how to fix it. | |||
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| The Main Thing Is Not To Get Excited |
is this all liberal smoke and mirrors? nailed it. The mayor knows what he is saying which is not what he is peddling. He's playing the victim card so to deny, lie, obfuscate, confuse, conflate, misstate or otherwise separate fact from fiction is all OK if it gets the votes. He's shrieking in panic because the full pain of 'his' taxpayers will now be felt instead of ameliorated by us rubes out in the sticks. _______________________ | |||
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| Non-Miscreant |
Nice question, as asked from the view of our poster. Maybe equally as good, is why someone in the high tax state pay more local taxes than our friends in MO and TN? But the answer is ugly and really the answer to this whole discussion. Its because those states have been screwing their taxpayers all along by over taxing them. Only now does it become obvious. Its also an easy one for the taxpayers to solve. Its called move. Or for a slower solution, vote out the bastards that impose those taxes. And in all this, remember everyone doesn't pay income taxes. That privilege is reserved for those fools we call "workers". Its only about 50% ( I can't prove that number, its what the media reports.) So thinking about it, those freeloaders (Free Shit Army) don't want to vote out their patrons. So its only the "rich" who are upset because they will soon be paying a bigger fair share than they have been. Whats not to like. The liberal bastards already say they're not paying their fair share. The pricks should rejoice that our beloved President Trump is doing what they advocate.  Unhappy ammo seeker | |||
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| Only dead fish go with the flow  |
It's criminal. It's nothing more than a scheme in which NY and NJ steal the appreciation of everyone's real estate. It's not uncommon around here for people to brag about the value of their home. If these imbeciles factored in what they paid in property tax over the years, they'd be lucky to break even. | |||
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