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From the Link the OP provided:
The tax bill for the first time penalizes states that do not vote for them.
Explain how paying the exact same thing whether you live in state A or B is penalty.... If anything there was grounds to sue before this change was made. This change to the tax law is how it should of always been. There is no justification as to why someone in one state is paying more or less in federal taxes because of state taxes. If your taxes are going up substantially because of this law you need to direct your complaints to your state legislators who have implemented high taxes.
Every state provides for the same needs, schools, government, roads,etc etc. I always get a kick out of all this blather about low/no income tax states. If they don't collect it from income they take it from sales taxes, fees, or somewhere else.
We are helping liberal states understand they need to lower their taxes. Tough love. Tech jobs will find new homes in better tax climates within the country.
Pushing states to cut the already skimpy safety net for the disabled and the elderly just makes the call for a stronger federal safety net even stronger. Do you really want to see massive increases in support for the disabled and the elderly through higher federal taxation?
Pushing states to cut the already skimpy safety net for the disabled and the elderly just makes the call for a stronger federal safety net even stronger. Do you really want to see massive increases in support for the disabled and the elderly through higher federal taxation?
Guess what? States with lower state taxes already provide the same services as those in high tax states receive. They have figured out how to do so in a more cost effective manner is all.
Every state provides for the same needs, schools, government, roads,etc etc. I always get a kick out of all this blather about low/no income tax states. If they don't collect it from income they take it from sales taxes, fees, or somewhere else.
Yes, but I'd rather pay it in consumption taxes, as I can CHOOSE to consume less, and therefore pay less in taxes. I can't choose not to have an income. But you are correct. A state will get their revenue one way or another. Property taxes, sales tax, etc. There are some states that do have an overall, lower tax burden. They are out of the northeast, and left coast major markets, however. What the elitist Democrats call "flyover country".
Every state provides for the same needs, schools, government, roads,etc etc. I always get a kick out of all this blather about low/no income tax states. If they don't collect it from income they take it from sales taxes, fees, or somewhere else.
Not really. If you earn more than $200 a month in Alabama, you get no Medicaid, even if you have children. Its basically a death sentence for lots of people. Teachers and law enforcement officers earn close to nothing in places like Oklahoma, Alabama and Arkansas. This is by design.
Yes, but I'd rather pay it in consumption taxes, as I can CHOOSE to consume less, and therefore pay less in taxes. I can't choose not to have an income. But you are correct. A state will get their revenue one way or another. Property taxes, sales tax, etc. There are some states that do have an overall, lower tax burden. They are out of the northeast, and left coast major markets, however. What the elitist Democrats call "flyover country".
Not really. You'll just pay more out of pocket in privatized user fees if you get disabled, or if you need to drive on roads etc. Notice how many toll roads there are in Texas? Low taxes is not good for a working stiff. Its bad. Taxes raise revenue in a progressive manner. If there were no taxes, then all costs will be split evenly, so the billionaire big shot and the poor elderly widow pay the same dollar amount for road use, health care etc, or 0.0001% in "taxes/fees" for the rich man and 50% for the poor widow.
Not really. If you earn more than $200 a month in Alabama, you get no Medicaid, even if you have children. Its basically a death sentence for lots of people. Teachers and law enforcement officers earn close to nothing in places like Oklahoma, Alabama and Arkansas. This is by design.
Democrats are the party of the rich and they will sue anyone who wants to close loopholes or limit deductions for the rich.
I guess now liberal, elite Democratic politicians in blue states now want to sue the federal government over President Trump's tax cuts because they closed tax loopholes and tax deductions for the rich.
I guess the Democrats are angry because tax deductions and now severely limited so that the vast majority of property taxes on mansions and estates and the state and local income taxes will be limited.
People in places like NY and CA that aren't rich are impacted.
Someone in NY that works for DHS owes $16,000 a year in property taxes. He's squarely middle class. Not rich by any means. The house is nothing special.
True rich are more likely to have work arounds.
Quote:
Originally Posted by Toyman at Jewel Lake
Sorry-but it was bad before this when our tax policy did exactly the same thing, but in reverse. Two residents with the exact same income, family situation and housing. Why should the person in the state with high local taxes contribute less in FEDERAL income tax than someone in a state with lower local taxes? Why should people in other states be expected to subsidise those people's high state taxes? Even more-why should renters in any state have to subsidise homeowners?
The real fear among those governors has nothing to do with the serfs paying more. It is that, because those people are no longer subsidised by other taxpayers-they fear that they will turn their attention to where it belongs. To the state, counties and cities that are charging exorbitant taxes. They fear that those taxpayers will demand that the taxing districts get their spending in order and offer more competitive tax rates in line with the rest of the country. They have reason for concern.
We finally have a system that is fair, or at least fairer, for everyone.
You're not subsidizing anyone in NY or CA if they're paying more in Federal taxes under either plan then your state. I highly doubt many here are paying much in Federal taxes.
Not sure what straws you're grasping about renters. They'd don't subsidize anyone, they pay the rent they owe.
Quote:
Originally Posted by Nell Plotts
Help me understand why income and property taxes have been deductible on personal tax returns but not sales taxes? I don't think that was fair. I think all taxes paid by individuals at the state and local level should be deductible from Federal taxable income. If the congress wants to make income taxes progressive it should be on the net.
I am not sure of the statutory basis of the challenge by some states but once I heard that the Federal government could not tax payments made to local states.
I want to say you can deduct sales taxes. At least, I think I've noticed that on my tax stuff. I just never bother to track it as it's pretty insignificant in personal spending. I'm not much of a consumer. All the sales tax my business pays gets written off.
Quote:
Originally Posted by Vector1
That sounds all fine and dandy, but our federal system was never suppose to support the states coffers, especially for those who tax and spend their citizens for local governance. Why should other lower tax states that run surpluses fund the failed policies of those who do not?
Don't get me wrong, as major public works projects, federal highway funding, disaster assistance and the like should be provided. Thus if CA has a natural disaster, we all should pitch in to help our American brothers in need.
However if your elected local and state politicians want to bankrupt you with their fiscally irresponsibility liberal governance, don't expect the rest of us to have to pay for it.
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You have a straight face typing that?
You do understand how much federal assistance non-CA,NY, etc states get while those CA,NY,etc states pay for it?
Quote:
Originally Posted by spankys bbq
Why is it so hard to demand a little fiscal responsibility in some of these states? Is it really that much easier to sue than to tighten up the belt a little and stop some of the unnecessary spending? I'm expected to be responsible with my money, why can't I expect the same of government? Look around today on your drive into work, or just going about town, and see if you can spot where your local government spent money on pet projects or luxury items, where that money could have been spent on the needed stuff. I see it every day, and I bet you would see it too if you looked around for it.
Public art is an obvious one. Don't get me wrong, it is nice to have but it shouldn't be put ahead of fixing bridges, roads, schools, etc.
Redundant staff in local government is another place some trimming could be done. Why have two departments with overlapping job descriptions and staff?
You can go on and on with this stuff. It's like going out and buying a big-screen TV when you can hardly pay the rent.
On the flip side you can say the same that don't charge enough in taxes and simply expect the Feds to pickup the tab.
If I'm right, and I am, sales tax is deductible for those who live in states with no income tax.
Moving on. Don't anyone think for even a nanosecond that losing some deductions, at least partially, is going to force high tax states to lower their tax rates. If anything the rates will be raised. As several Democrat legislators in Maryland said about the tax bill, "Trump's taking our money".
Republican Governor Hogan has stated that he would like to return any additional state income tax collections due to the tax bill back to residents (Maryland's income tax system mirrors the federal one). That's not going to happen since this is an election year and no way in Hell will the Democratic Legislature give him a tax cut victory.
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