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Geeedy GOP at it again. They want CA to pay more taxes so their failed states can receive more federal aid. They're complaining that the blue states made top 10 in states that receive the highest tax break. Really? Red State's don't pay any taxes to begin with so of course the blue states will rank higher. The writer is a moron.
Geeedy GOP at it again. They want CA to pay more taxes so their failed states can receive more federal aid. They're complaining that the blue states made top 10 in states that receive the highest tax break. Really? Red State's don't pay any taxes to begin with so of course the blue states will rank higher. The writer is a moron.
That is a fabulous idea if it lowers the marginal tax rates. It will give me even more incentive to move out of Commiefornia to a zero income tax state! Ideally there would be a 10% flat tax rate with no deductions but the mortgage deduction and charitable donations are unlikely to disappear.
This will only negatively CA affect taxpayers who file Schedule A. Renters who take the standard deduction will likely benefit if the standard deduction is increased as part of the tax reform package.
Geeedy GOP at it again. They want CA to pay more taxes so their failed states can receive more federal aid. They're complaining that the blue states made top 10 in states that receive the highest tax break. Really? Red State's don't pay any taxes to begin with so of course the blue states will rank higher. The writer is a moron.
Should be no surprise that Republicans who control the House, Senate, and Presidency will want to adopt policies less favorable to Blue states....that's how the system has always worked. Cali either needs to vote with the reds or get more states to go blue.
It is high time to close such loopholes as the ability to deduct state income taxes from federal income taxes. There is no rational reason to provide such an incentive.
What so many do not understand or consider, is why Montana as an example have more sent to the state than they pay in federal taxes. A lot has to do, with the low population, and so much federal presence.
#1--The figures include what is spent for Indian Reservations. Indian Reservations are Federal not state. There are 7 Indian Reservations in Montana, with largest bigger than the smaller state. There is a heck of a lot of federal money sent to Colorado for the reservations, which are controlled by the Bureau Of Indian Affairs. The feds do not really want to reservations to become self sufficient, as it employees a lot of federal workers to manage it.
#2--Big and expensive to run National Parks, etc.
#3--Other federal lands of many types, and they have to be managed, roads maintained, etc.
#4--The feds do not pay taxes on those lands, but do pay money to the state to extend roads to them, and other services in lieu of state taxes.
#5--Some Military facilities, which again is money sent to the state.
So if you add it all up it is a lot of federal money sent to the state, due to the feds having so much control over so much of the state.
And there are only 1,000,000 people in the 4th largest state in the whole country, including the Indians on the reservations.
Of course the feds send more money to Montana than the local residents send to the feds in taxes. They have so many types of federal facilities they control, and the small number of tax payers. The high population states, do not have so much federal presence and control over them without paying the taxes like other land owners so they send money to the state in excess of what federal taxes are paid by the locals.
Remember, the whole state of Montana has less people than most cities in the higher population states. Our biggest metro area is only 100,000 people not millions.
It is high time to close such loopholes as the ability to deduct state income taxes from federal income taxes. There is no rational reason to provide such an incentive.
That is a fabulous idea if it lowers the marginal tax rates. It will give me even more incentive to move out of Commiefornia to a zero income tax state! Ideally there would be a 10% flat tax rate with no deductions but the mortgage deduction and charitable donations are unlikely to disappear.
This will only negatively CA affect taxpayers who file Schedule A. Renters who take the standard deduction will likely benefit if the standard deduction is increased as part of the tax reform package.
Why don't you just move now? If it's cheaper for you to live somewhere else than CA then why even wait for this long-shot bill.
Why don't you just move now? If it's cheaper for you to live somewhere else than CA then why even wait for this long-shot bill.
prob b/c that's where all the jobs are; but they never seem to notice the correlation between the two. Also, if poster doesn't think rents will increase as a result of the bill, well I got a bridge for sale.
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