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| GOP's SALT cap may speed exodus from high-tax states, report says | |
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| Tweet Topic Started: Apr 26 2018, 09:00 AM (173 Views) | |
| Robert Stout | Apr 26 2018, 02:48 PM Post #21 |
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Arizona needs to reactivate our border check point stations to keep California fruits and nuts out of here....California gives us their bizarre political values and perversity........
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| Jesus can raise the dead, but he can't fix stupid | |
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| Opinionated | Apr 26 2018, 03:41 PM Post #22 |
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Why are you continuing to try to prove a point I've already granted to be correct? We still pay more taxes because our incomes are higher. Here's an example: California median household income - $67,738 Mississippi median household income - $41,754 As can clearly be seen, by anyone who understands "math", Californians make more than Mississippians. Which means they pay in federal taxes as well. |
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| George Aligator | Apr 26 2018, 04:49 PM Post #23 |
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High tax states are high wage states. Individuals who can make significantly more take-home may move to another state but when all the costs and benefits are factored out, most people stay where they are. There is more to the decision than just the money. Significantly, the trend for a century has been to move out of the low-tax, low-wage states to where the good jobs are even with the higher taxes. That's why blue state residents are so much smarter than red state residents. |
| Conservatism is a social disease | |
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| clone | Apr 27 2018, 11:41 AM Post #24 |
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Director @ Center for Advanced Memetic Warfare
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For years blue states have exported a third or more of their tax burden to residents of other states. In places like California, where the top income-tax rate exceeds 13%, that tax could be deducted on a federal return. Now that deduction for state and local taxes will be capped at $10,000 per family. Consider what this means if you’re a high-income earner in Silicon Valley or Hollywood. The top tax rate that you actually pay just jumped from about 8.5% to 13%. Similar figures hold if you live in Manhattan, once New York City’s income tax is factored in. If you earn $10 million or more, your taxes might increase a whopping 50%. LINK |
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Only liberals can choose not to go down the road to widespread, systematic violence. | |
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| George Aligator | Apr 27 2018, 12:09 PM Post #25 |
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Such an effect would stimulate a tax revolt similar to what the TEA party provoked for middle-class earners. This would be a very good thing. I hope we can tear down the federal tax code and start again from scratch. Nobody, from Sanders to Trump wants to stand up and defend the mess we have now. As long as things are done legally and transparently, our constitutional democracy can come up with a much better system than this corrupt charade put together by lobbyists and people who make a helluva lot more than ten million a year. |
| Conservatism is a social disease | |
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| Robert Stout | Apr 27 2018, 02:33 PM Post #26 |
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The smartest young Californians move to Arizona where they can buy a home on Arizona wages............
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| Jesus can raise the dead, but he can't fix stupid | |
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| clone | Apr 28 2018, 12:41 PM Post #27 |
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Director @ Center for Advanced Memetic Warfare
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You still have this option....
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Only liberals can choose not to go down the road to widespread, systematic violence. | |
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| 1 user reading this topic (1 Guest and 0 Anonymous) | |
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4:32 AM Jul 11