States Least Dependent on Federal Government
The state I live in is #47. If you live in states 1-46, you're taking MY STATE's tax dollars. I live in a High GDP, Low Federal Government Spending state. That means I'm being taxed FOR YOU.
Your apology is expected.
wallethub? seriously?
I keep seeing this illogical argument. The amount you INDIVIDUALLY pay is based only on your income. Period.
You should stop implying that if you have lots of wealthy people or big corporations in the state then the money they pay in taxes is somehow your money.
Let's say your state got divided into two new states and your part of the state doesn't have many rich people. Would you then be instantly converted into someone who is a taker rather than a giver? The amount you are paying would remain exactly the same.
You are not being taxed for people in other states. Comparing aggregate state totals of money paid and received does not logically lead to such a conclusion.
Under the tax bill, your Federal income tax without deducting state/local taxes will be the same as it will be if you live in a low tax state. Currently it's lower.
That said I understand about paying taxes on money you've already paid taxes on (double taxation). But that's a different argument.
You offer that as a proof? Lol.
I live even further down the list than you do, and I’m less concerned about the changes in the Federal tax system than you are. LOL.
Please share with us why Fedzilla should subsidize your state’s high taxes?