Felt nice to say that.
the wealthy primarily in blue states where property taxes are out of control...
Duh....
Man, I’m tired of the beating the wealthy take in this country. First, I’m a retired teacher with less than 6 figures in my retirement accounts, so I’m not rich by any measure. The rich, like it or not, are the energy that drive this economic system. Also, the top 10% pay 72% of all IRS tax revenues, so they pay far more than their fair share. Liberals have this warped idea that the economic pie is fixed and the only to help lower income people is to take it away from the rich. In other words, take money from productive sources and give it to less productive sources. They view the economic pie as fixed and to increase your slice means a smaller slice for someone else.
Stupid.
How about fostering economic policies that encourage economic growth? By growing the size of the pie, even though your slice remains the same relative size, your standard of living rises because the size of the pie is getting bigger. Liberals don’t see that a rising tide lifts all boats.
When politicians spout off that “the rich don’t pay their fair share”, they’re right...they pay too much. Such politicians are phonies anyway. After all, who do you think wrote the tax code?
Personally, I’d like to see a Flat Tax: Everyone pays the same rate, no deductions. If you don’t pay taxes, you don’t get to vote. After all, no skin in the game, why should you vote? Friedman said that 17% would do it. (I don’t like the Fair Tax because of the prebate, which lets politicians get into messing around with the tax code again.) A flat tax would mean you could fill out your taxes on a postcard.
I’ve tried poor...I wouldn’t mind trying rich.
I live in a “Blue” state - we are a single income family and my husband is a firefighter...not exactly “wealthy”!!
However, we give over 15% of our income to charity and have high property and sales taxes so we are one of the middle income families who did NOT benefit from the President’s tax overhaul. We used to get our personal exemption of $4,000 per person and then subtract our taxes and donations after that. It was usually over $30,000 off of a $100,000 income. Now, we will only get the standard deduction of $24,000, which even at the lower rate means our taxes will go UP by $1500-2000 in 2018.
Repeal it. I never saw that money and had no choice in that.
So those commies at the hill are trying reverse psychology. Amateurs!
Let them pay their big blue state taxes on those big houses without robbing conservatives in other states!
State of California Debt Clock
http://www.usdebtclock.org/state-debt-clocks/state-of-california-debt-clock.html
Trump should offer it to the Democrats in exchange for funding for the Wall. They’d probably grumble and take it!
Blue state constituents should push their own states to lower their taxes instead of robbing conservatives in other states.
U.S. National Debt Clock : Real Time
http://www.usdebtclock.org/
I am to the right of Attila the Hun, but have always felt the mortgage deduction was unjust and a great contributor to “inequality”. It rewards the wealthy who have expensive, appreciating homes, and does little or nothing for the poor, who typically rent. I think the SALT cap is brilliant. The Dems should be jumping for joy over this equalizer.
LOL!
Looked good in writing. I enjoy reading it. Stinky Dems only care about the rich in their gated communities like Chris Matthews.
Surprise! Reducing taxes would benefit people who actually pay taxes.
Shocker.
Californians moving to Texas has increased my Property taxes 47% in the last 8 years, even AFTER I’ve successfully protested it 4 times. The price you pay building a house in the best school district in Texas, I guess.
for my near 19 year old, non updated house I built for $500K in 2000, My property tax bill is $16K/Year.
I guess I must be rich. /s