1. New York: $22,169
2. Connecticut: $19,665
3. California: $18,438
4. New Jersey: $17,850
5. Massachusetts: $15,572
6. Minnesota: $12,954
7. Maryland: $12,931
8. Oregon: $12,617
9. Illinois: $12,524
10. Rhode Island: $12,434
11. Vermont: $12,408
12. Wisconsin: $11,653
13. Maine: $11,432
14. Virginia: $11,288
15. Pennsylvania: $11,248
16. Nebraska: $11,088
17. Ohio: $10,445
18. Iowa: $10,164
19. New Hampshire: $10,121
20. Kentucky: $9,955
21. Hawaii: $9,906
22. Missouri: $9,886
23. Michigan: $9,648
24. North Carolina: $9,587
25. West Virginia: $9,463
26. Kansas: $9,425
27. Montana: $9,358
28. Delaware: $9,195
29. Georgia: $9,159
30. Arkansas: $9,116
31. Colorado: $9,017
32. Idaho: $8,863
33. South Carolina: $8,765
34. Indiana: $8,756
35. Utah: $8,291
36. Oklahoma: $8,201
37. Texas: $7,824
38. Arizona: $7,404
39. Washington: $7,403
40. Florida: $7,373
41. New Mexico: $7,091
42. North Dakota: $6,865
43. Louisiana: $6,742
44. Wyoming: $6,307
45. Mississippi: $6,303
46. South Dakota: $6,098
47. Nevada: $5,989
48. Alabama: $5,919
49. Tennessee: $5,612
50. Alaska: $4,932
District of Columbia: $16,443
Tax Bill ping.
Bump
Number of Republican reps in Congress:
1. New York: 9
2. Connecticut: 0
3. California: 14
4. New Jersey: 5
5. Massachusetts: 0
6. Minnesota: 3
7. Maryland: 1
8. Oregon: 1
9. Illinois: 7
10. Rhode Island: 0
A total of 40 in the top 10 states in deductions.
The power to tax, is the power to destroy.
The “progressive” tax rate is straight out of the communist manfesto.
10% income tax, across the board, no exemptions, no deductions, no credits, no minimums. 10 cents of every dollar earned goes to the feds, and 10 cents on the dollar is all they get, period.
When one takes away the personal exemptions of $4,050 per household member, that puts millions of taxpayers into tax hike territory in most states.
Even WITH the increase in the standard deduction.
While many will find themselves in a lower bracket, many also will find themselves in higher brackets.
Did our elected representatives lie to us?
Mnuchin, Cohn, and all the rest of the GOLDMAN SACHS BANKSTERS involved in this attempt to rip off a TRILLION DOLLARS FROM THE MIDDLE CLASS NEED TO BEWARE!!.
So why do they not put DC in its appropriate place in the rankings, like 4th or 5th. This is important given that the assess who run our government seat themselves here.
the question can be this..... Would a person rather have a tax cut, or pay a little more..... Or have the market go up another 25%. The correct answer is have the market go up. If that is not a person’s answer.....it’s probably time to rethink their financial planning.
SkyPilot, seems reasonable to cap the deduction at the average paid across the States.
It may cause people in high tax states to think about how their State government is screwing them.
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.
Another reason I’m moving to Indiana from Maryland— the state & local tax rates:
1) Average dollar amount of state and local tax deductions claimed on federal individual income tax returns for 2015
7. Maryland: $12,931
34. Indiana: $8,756
2) The percentage of federal individual income tax filers claiming a deduction for state and local taxes paid in 2015, ranked by state:
1. Maryland: 45.7 percent
41. Indiana: 22.8 percent
And that is why I want the tax reform rates even lower, so we can get rid of individual and corporate SALT and stop subsidizing oppressive, large state and local governments.
The only thing comforting about my subsidizing the yuge, debt-riddled, whacko-loony government of Kookiefornia is that I can write off my state and local taxes.
I will gladly give up state and local write-offs for much lower rates so that less of my money will be going to subsidize Kookiefornia.
.
That's the average.
I'll tell you point blank I pay more than double that living here in Illinois.
The Trump Tax Plan is a DISASTER for me. It will be the single biggest TAX HIKE in HISTORY for people like me.
And that's BEFORE the $45k I pay in forced alimony gets taken away as a deduction too.
At that point, I quit my job and file for welfare. I'll just be done. I'm not paying for everyone else anymore while living under a bridge too. Screw that.
” New York: $22,169
2. Connecticut: $19,665
3. California: $18,438
4. New Jersey: $17,850
5. Massachusetts: $15,572
6. Minnesota: $12,954
7. Maryland: $12,931
8. Oregon: $12,617
9. Illinois: $12,524
10. Rhode Island: $12,434
11. Vermont: $12,408
“
Liberal hellhole States the rest of us support by letting them keep that money via deductions. Since the personal deduction is going up by $12,000 those are the only States that may see a tax increase. Tough noogies. get a grip on your States and stop expecting the rest of us to support you.
Why don’t these citizens simply do a constitutional referendum to prohibit a state income tax?
The top 11 are all Democratic states accounting for 170 of Hillary’s 232 Electoral College votes.