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Which is the point, in California, Hawaii, New Jersey, Massachusetts (etc) middle class people are being hit by this SALT limit. So it's low. You're punishing residents in certain states over others.
You mean-the rich in certain states now actually have to pay their fair share? As opposed to their federal income taxes being paid by others? Seems like how it should be.
It's fair to those who don't have children. There's no reason the childless should be paying more in federal income tax to subsidize those who have children. It essentially works exactly like real estate tax in which all taxpayers, both groups - those with and those without children - are treated exactly the same in regards to taxation. Neither has a tax advantage.
The point is all of these changes can negatively affect people who are not wealthy, whether they have kids or not.
The point is all of these changes can negatively affect people who are not wealthy, whether they have kids or not.
They're paying more of their fair share of the federal income tax. That's what the left wanted. Trump gave them exactly what they wanted, and now they're complaining about it. What's up with that?
They're paying more of their fair share of the federal income tax. That's what the left wanted. Trump gave them exactly what they wanted, and now they're complaining about it. What's up with that?
When it was reported the standard deduction would be doubled, that sounded great, but that exemptions would be eliminated was in fine print. Then come to find out deductions common to the middle classes eliminated as well. They thought it would just be the rich paying their share and everyone else would benefit bigly.
Why would corporate taxes be passed to the consumer? Because they're an overhead expense. Just like the cost of rent, repairs, debt interest, legal fees, etc., are passed on to the consumer.
Taxing profits is not an "overhead" expense. Do you even know what that word means?
An overhead expense can be something like payroll taxes, and obviously cost of goods, services. Taxes on profits don't qualify.
No your point did not fly over my head. You said something factually incorrect due to ignorance. And now you're desperately backpedaling.
You implied that when the standard deduction is raised from 7,000 to 12,000, that's a tax increase because now you have to donate over 12,000 to get a tax break. That's incorrect. Shows just how little you know. You should stop talking. I remember when I exposed you on your claims of being some real estate hot shot. Now you don't even understand what a standard deduction is.
Why do you pretend to be someone who you're not? Are you that ashamed of yourself?
The cost of other overhead expenses increased. As they're all included in the pricing formula, a reduction in the cost of one factor doesn't necessarily result in lower prices. Rent increases? Legal fees increase? Supplies costs increase? Repair costs increase? Etc... Any and all may offset and even surpass the reduction in corporate tax.
When it was reported the standard deduction would be doubled, that sounded great, but that exemptions would be eliminated was in fine print.
That treats everyone equally, those with or without children, which is exactly what the 14th Amendment's Equal Protection Clause requires.
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Then come to find out deductions common to the middle classes eliminated as well. They thought it would just be the rich paying their share and everyone else would benefit bigly.
I don't get the stick it to just the rich thing. Just have everyone pay their fair share. Why is the left opposed to paying their fair share?
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Trump gave them exactly what they wanted, and now they're complaining about it. What's up with that?
Yea.....riiiiiiight...
