Posted on 11/20/2017 4:42:05 PM PST by SkyPilot
Ditto for those who tell those of us to "just move"!
This is what happens in a Nationalist populist movement.
There are people living in states that have NO state income taxes, but where property taxes are3 high, who ARE going to get badly hurt by this!
Then there are some states, with low state income taxes, but where the sales and other taxes are EXORBITANT!
A TAX CUT Bill should be a Bill that gives tax CUTS to EVERYONE ( something this one does NOT do! ); otherwise it is NOT a tax CUT Bill!
And don't bet the farm, that you won't wind up somehow getting a tax HIKE in the final Bill; you'd lose!
I won't say any more, but if you only KNEW just HOW bloody stupid you are, you'd slink off and sit in a dark corner. :-)
DJIA will be over 25k this time next year. And you’ll still be telling everyone the mother of all crashes is coming. Did you sell in 08? I was 49 years old. I rode it out.
Less than 50% of tax filers in every state.
The average is about 28% of filers.
What is also needed is % of filers taking SALT deductions withing each state by income quintile (lowest 10%, next 10% ect. up to top 10%).
With the increase in the standard deduction more folks would likely have dropped SALT itemized deductions anyway, which means that alone would dropped the total number of filers to much further below 50% of all filers.
I think SALT deductions are taken by fewer filers than most people think.
You chose to live in a state with high taxes. It’s your choice to live where you want.
but why should you get special treatment with extra deductions on your federal income taxes, that the rest of the country doesn’t get, because they live in conservative states?
I still can’t believe we’ve got people arguing on the merits of it’s a ok to take away deductions while the progressive tax is still in place!
ITS MY MONEY NOT THE DAMNED GOVERNMENT!!! Jesus H!
This is akin to the Government telling me one for you two for me three for you four for me.
Because it isn’t the damned federal governments money that’s why!!!!
Bkmk
Your comment makes no sense.
OTOH...you aren't a market expert, nor an historian.
I AN an expert, vis-a-vis, this nations' markets ( as well as the ones in the UK ) and have extensive knowledge about it.
OTOH...it doesn't take anything but "common sense" ( which isn't so "COMMON" anymore; sadly ) to know that 1) markets don'y only go one way 2) higher taxes slows markets 3) less money keeps people from buying certain things ( including stock, options, and big ticket items!) or finding ways to avoid paying high prices.
It makes perfect sense. In essence you condone the Fed governments communist progressive tax structure then for the piggy to get more money say it’s ok to punish those living in the states they choose to deliver even more OF MY MONEY to the leviathan feds.
As Reagan put it (and god I wished the man were still alive) “Washington doesn’t have a tax problem it has a spending problem”
Tell us how you really feel.
BETTER YET, get your butt down to the Statehouse and DO something about it.
Honestly I don’t think you’re an expert. I’m not an expert either, but I’m in the top 5% and retired at age 53. I know.... That makes me a moron to you.
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