Posted on 12/30/2017 5:41:33 PM PST by Kaslin
You fill out IRS Form W4-V and send it to your local Social Security office. You can request they withhold 7%, 10%, 15%, or 25%. The form can also be used to stop the voluntary withholding. I suggest to some of my clients to withhold that way, especially when it is easier than changing a pension.
Yes, the man/woman making the decision to flee a high tax state might not vote Rat but everyone else in the family will. Net result is more Rat voters in red states.
Good - Repubs don’t win national elections in those States anyway - gonna be some “principled” FReepers leaving here and showing up on the DU site because they no longer get to write off all their State/local taxes on the rest of our dimes....
What I find interesting is these are the same folks who are saying ‘cutting taxes’ doesn’t work, trickle down doesn’t work...and yet...they still want to keep what they make, just like the rest of us.
I just don’t understand them! I truly, truly don’t.
Second, if they think their state taxes are too high, deal with the state government! Keep your problems local and stop making a ‘federal’ case of the matter.
“Those NYers and others fleeing high tax states will elect Dems who will raise taxes. Bet on it. Just need to look at taxes in Nassau and Suffolk counties since NYCers fled the city for the Burbs.”
A larger example is Maryland, Virginia and North Carolina. At least 3 generations of migration since the 1960s from the Northeast to the D.C. area and the Research Triangle have made those areas blue.
This is my concern as well. Full disclosure; I am a rare small-government, tea-party type living behind enemy lines in the people's republic of NJ, and this will only expedite my exit from NJ. Unfortunately - as you stated - many of the hypocrites on the left who usually advocate for higher taxes (just not for themselves) will also move to lower tax, relatively reliable Republican states and erode the margin of electoral safety, turning the states 'purple'.
I will take a financial hit from this SALT limitation in the tax bill, but I am willing to bite the bullet in order to see more pressure put on the state governments in NJ, NY, CA, IL, etc. to do what they should have been doing in terms of legislating some tax relief for the tax-paying producers in their respective states instead of soaking us in order to support the masses who rely on the tax-payer funded handouts in exchange for voting dem.
I just hope it doesn't backfire by shifting the electoral map against us as it has in Colorado and Virginia for example.
High taxes support the “safety net” (and the safety net is really a wealth transfer from the producers to the non producers aka Democrat Voters).
Also into play is the fact that Democrats use the state revenue to gurantee a solid voting block, public employee workers. The legislature votes generous pay and benefits (including life time pensions) to government workers and they they in turn (via their union) give back generous campaign contributions and support.
It is all a Ponzi scheme with the Democrat sitting on top of the pyramid. Like all Ponzi schemes new members must be added which why they want an open border from third world countries (people they can manipulate and control).
This scheme will fall apart the only question is when.
If the Federal government won't then why should the states?
Before that they will vote against those who voted to end the SALT deductions. Republican congressmen in New York, New Jersey, California, and Illinois could become an endangered species.
Thanks for the withholding info-——I learn something every day.
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