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Coral Ridge and Las Olas are completely different neighborhoods. You can park a 150 ft yacht in your back yard canal in Las Olas (see pic), while in Coral Ridge you can park a 20 ft boat on a trailer on your driveway.
So, Trump is trying to stick it to the blue States because it makes his base happy, and libs in blue States will flood to the red States to save money, and turn those red States blue. Is this really such a great strategy?
Actually, the calc is easier than that. Without traditional blue or purple states (and a very low margin), trump would have not squeezed out an EC victory.
So all that needs be is for a few wealthier folks in traditionally blue states and swing states to vote against him for "sticking it to them" and he's done.
Actually, the calc is easier than that. Without traditional blue or purple states (and a very low margin), trump would have not squeezed out an EC victory.
So all that needs be is for a few wealthier folks in traditionally blue states and swing states to vote against him for "sticking it to them" and he's done.
The margin of victory was very narrow in many States, so it should not take too many unhappy New Yorkers to move down here and vote Dem to tip the scales.
Anyone who has to pay federal income tax on a higher percentage of their gross income than you do, due to egregiously high blue state SALT tax deductions. Thank goodness that's over!!!!! VERY smart move limiting the SALT deduction. It makes the rich (which Dems think is anyone who has more than they do) pay more, which is what the left always says they want.
How is it possible for a lower wage earner to be paying a higher percentage of their income when my effective tax rate is higher? You don’t complain about the lower tax rates for unearned income like capital gains. So, why the demand for more from earned income? Rich people aren’t rich from drawing W2s.
ETA: Also, do you likewise take issue with pre-tax 401K contributions? And why thank goodness? What do you think is going to happen with the few extra thousand dollars? That is a question I have been asking myself the past few weeks.
Last edited by Cassy Fae; 02-08-2019 at 09:35 AM..
How is it possible for a lower wage earner to be paying a higher percentage of their income when my effective tax rate is higher?
Try using better reading comprehension skills. THIS is what I posted:
Quote:
Originally Posted by InformedConsent
Anyone who has to pay federal income taxon a higher percentage of their gross income than you do, due to egregiously high blue state SALT tax deductions. Thank goodness that's over!!!!! VERY smart move limiting the SALT deduction. It makes the rich (which Dems think is anyone who has more than they do) pay more, which is what the left always says they want.
Are you admitting that you DON'T understand what that means?
Multiple supporters of President Donald Trump over the past couple of weeks have taken to Twitter to air their grievances about the president’s signature tax cut plan. Here's one example.
Try using better reading comprehension skills. THIS is what I posted: Are you admitting that you DON'T understand what that means?
No, I am not really understanding this and I think you are wrong in your assessment. I don't see my SALT deductions as egregious.
-MA tax rate is 5.05%, which is less than a number of mid-western states (thinking WI @ 7%).
-My property taxes are quite reasonable around 7-8K for our school district. I realize that's likely a bit higher than a typical red state, but it's not out in space.
There is a 10-12k taxable income difference from the standard and the percentage off my gross from the top. That isn't really any different from family of 6 in Utah with more exemptions, lower property taxes, and the state income taxes.
You seem to be under the impression that there is 100s of thousands in revenue here and that's simply not the case. The COL expenses out here is not about state income tax or property taxes, but food, childcare, goods/services. I earn more because I live in a high COL state. It all evens out in that regard.
The main difference between here and a red state is that I do not get the childcare deductions, the student loan interest deductions, etc. That was the case last year and continues to be the case this year.
No, I am not really understanding this and I think you are wrong in your assessment.
I'm not. Someone who has a $75,000 SALT deduction (what ours used to be in IL) = taxes on a lower percentage of their income than someone who only has a $5,000 salt deduction.
Quote:
The COL expenses out here is not about state income tax or property taxes, but food, childcare, goods/services. I earn more because I live in a high COL state. It all evens out in that regard.
COL has nothing to do with it. There is no consideration of COL in the US tax code, so that's an irrelevant point.
A $10,000 SALT tax deduction limit is fair. Everyone gets the same maximum tax deduction.
I'm not. Someone who has a $75,000 SALT deduction (what ours used to be in IL) = taxes on a lower percentage of their income than someone who only has a $5,000 salt deduction.
COL has nothing to do with it. There is no consideration of COL in the US tax code, so that's an irrelevant point.
Ha! 75K salt deduction. Not even close for my family. It's relevant because it's lowering taxable income from the people you are comparing my family to. Although, I can understand why you want to ignore it for the point you want to make, which hasn't been successful - in my case at least. If anything, it's just more of the red states sucking on the blue.
A $10,000 SALT tax deduction limit is fair. Everyone gets the same maximum tax deduction.
If we're talking about what's fair then I should be able to get the same childcare, student loan interest, etc deductions as everyone else. Of course, it's not about fairness.
eta; you also did not address your opinion on 401k contributions.
Actually, the calc is easier than that. Without traditional blue or purple states (and a very low margin), trump would have not squeezed out an EC victory.
So all that needs be is for a few wealthier folks in traditionally blue states and swing states to vote against him for "sticking it to them" and he's done.
Do not underestimate the Dem party's ability to nominate someone who does not resonate with anyone but party stalwarts.
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