Blue state governors considering lawsuits because Trump/Republican tax plan limited deductions for the rich (gallon, Reagan)
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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.
Cost of living varies among states, and states cannot legislate their cost of living.
How so? Nothing except local laws, and potential political consequences, keeps states or localities from setting whatever tax rates they want.
You still haven't explained how partially eliminating the deduction takes money away from the disabled. According to you guys, smart and wealthy people aren't going to move to low tax states in any event because they're filled with the "wrong" people.
Thats fantasy. I repeat; NO state can have a radically different tax burden than any other state. There is a reason why not a single state, no matter how progressive, provides healthcare as a right for example. Its a race to the bottom. Thats why SALT is being attacked. To prevent states from raising the needed revenue. Then they hope that demonizing the federal government through massive corporate propaganda would be enough to stop any increases in taxes that can raise the revenue needed for the disabled and the elderly. I think you guys have underestimated the will of the people this time. There is a limit to how much oligarchy, despair and extreme inequality people are willing to accept. Calls for a stronger federal response to these callous attacks on the vulnerable will be much stronger than you expect.
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.
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?
The states don't have to cut anything. The wealthy in the state won't be able to write off some of the taxes. Big deal. States will get the same amount of money.
Why should people who can't by a home pay more than people who own their home?
Exactly. That was my point. We at least capped the SALT break that homeowners have vs renters, but it should be done away with all together, and all income tax rates lowered.
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.
The states don't have to cut anything. The wealthy in the state won't be able to write off some of the taxes. Big deal. States will get the same amount of money.
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.
Whose fault is that? Someone in Iowa that needs to subsidize poorly run states that overtax their citizens?
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