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Yikes, that looks horrific. The rich will benefit the most under Trump's new plan. Shocker.
It's actually great, because local and state governments can raise taxes on them to offset the difference and more while not subsidizing states like Mississippi.
And once again, states and local governments can raise taxes and offset this while not subsidizing other states.
Do I need to explain this more for you?
Everyone has a retirement plan, well should. So I'm confused what the other poster point was about spreading the wealth of wall street as if the rest of this country doesn't already benefit from it.
What states? Mississippi? Kentucky, Florida? What are you all not understanding, these states don't have enough money they don't have sales tax or state taxes. Where the hell are they getting money to subsidize their own residents?
Yes NY can do it, CA, Texas etc but the other states good luck with that idea
not reading through 20+ pages, but appears that high property tax states like New York, NJ, Illinois etc, will get screwed with this plan. Property tax deduction to be capped at $10K per year.
Everyone has a retirement plan, well should. So I'm confused what the other poster point was about spreading the wealth of wall street as if the rest of this country doesn't already benefit from it.
What states? Mississippi? Kentucky, Florida? What are you all not understanding, these states don't have enough money they don't have sales tax or state taxes. Where the hell are they getting money to subsidize their own residents?
Yes NY can do it, CA, Texas etc but the other states good luck with that idea
Sure they can? Why can't they raise taxes?
Why should you or I subsidize such states?
Let them raise their taxes and pay for their needs.
Everyone has a retirement plan, well should. So I'm confused what the other poster point was about spreading the wealth of wall street as if the rest of this country doesn't already benefit from it.
What states? Mississippi? Kentucky, Florida? What are you all not understanding, these states don't have enough money they don't have sales tax or state taxes. Where the hell are they getting money to subsidize their own residents?
Yes NY can do it, CA, Texas etc but the other states good luck with that idea
I can't speak to the other states, but Florida has a basic sales tax of six percent and then each county has its own tax.
Also -- Florida has many 'second homes'. Homes that aren't primary residence pay substantially more property taxes.
They just collect tax differently rather than based on income.
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