Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

The IRS Is About To Limit Those SALT Caps: They're Looking at You, New York!
Hotair ^ | 06/13/2019 | Jazz Shaw

Posted on 06/13/2019 9:10:24 AM PDT by SeekAndFind

click here to read article


Navigation: use the links below to view more comments.
first previous 1-2021-4041-6061-73 last
To: Mariner

“The Blue states are paying YOUR freight by subsidizing YOUR state at the Federal level.”

That’s one of the dumbest liberal statements ever said on FR.


61 posted on 06/13/2019 4:24:37 PM PDT by CodeToad ( Hating on Trump is hating on me and Americans!.)
[ Post Reply | Private Reply | To 46 | View Replies]

To: Mariner

“The rich, in this case, is a two earner family making ~$130k per year and living in the suburbs.”

Show us the math on how that that family pays more in taxes.


62 posted on 06/13/2019 4:25:22 PM PDT by CodeToad ( Hating on Trump is hating on me and Americans!.)
[ Post Reply | Private Reply | To 49 | View Replies]

To: CodeToad

https://www.theatlantic.com/business/archive/2014/05/which-states-are-givers-and-which-are-takers/361668/

You assess the fact as dumb.

Only a dummy would do that.

“That’s one of the dumbest liberal statements ever said on FR.”


63 posted on 06/13/2019 7:18:25 PM PDT by Mariner (War Criminal #18)
[ Post Reply | Private Reply | To 61 | View Replies]

To: CodeToad

“Republicans didn’t raise anyone’s taxes.”

Any time you eliminate deductions, you have raised total taxes due.

Most kids learn that early on.

That’s raising taxes. By any and all definitions.


64 posted on 06/13/2019 7:20:31 PM PDT by Mariner (War Criminal #18)
[ Post Reply | Private Reply | To 60 | View Replies]

To: TexasGator

“ The one in New York, for example, allowed taxpayers to take the amount of state tax in excess of $10,000 and make transfers to funds controlled by state or local governments, or other transferees specified by the state, in exchange for credits against the state or local taxes.

They described these transfers as “fully deductible charitable contributions for federal income tax purposes”


65 posted on 06/13/2019 10:39:42 PM PDT by immadashell (Save Innocent Lives - ban gun free zones)
[ Post Reply | Private Reply | To 35 | View Replies]

To: Myrddin

the only hope for us is when I actually do retire, and our income plumments, we’ll be in the tax free zone as far as income tax....property taxes are a different story....


66 posted on 06/13/2019 11:27:00 PM PDT by cherry
[ Post Reply | Private Reply | To 18 | View Replies]

To: SkyPilot

when the world worries and ceases to satisfy, there is always the garden.....


67 posted on 06/13/2019 11:30:38 PM PDT by cherry
[ Post Reply | Private Reply | To 59 | View Replies]

To: Macoozie

As I said, I understand the fairness of it from the perspective of people living in low tax states. But the idea that it’s “my problem” that my state is stealing money from me seems sort of odd. We have a “republic” part of the theory of which is to place certain limits on mob (majority) rule that protect the rights of the individual.


68 posted on 06/14/2019 7:24:39 AM PDT by Behind the Blue Wall
[ Post Reply | Private Reply | To 31 | View Replies]

To: House Atreides

Sure, but if the standard deduction is tens of thousands less than what you actually paid in state and local taxes, then it’s not doing it’s job.


69 posted on 06/14/2019 7:25:47 AM PDT by Behind the Blue Wall
[ Post Reply | Private Reply | To 10 | View Replies]

To: Behind the Blue Wall

Sure, but if the standard deduction is tens of thousands less than what you actually paid in state and local taxes, then it’s not doing it’s job.
***************************************************
Sorry, I guess we’ll just have to disagree on this point. The standard deduction is simply to have a way to exclude a certain STANDARD amount of income before federal taxation begins to kick in. And that STANDARD amount is the same regardless of where the taxpayer lives in the country and how high or low their income is. And THAT is a good thing IMHO. The standard deduction’s “job” is not to subsidize state & local taxes — thank goodness!


70 posted on 06/14/2019 7:47:48 AM PDT by House Atreides (Boycott the NFL 100% — PERMANENTLY)
[ Post Reply | Private Reply | To 69 | View Replies]

To: House Atreides

“I’m getting taxed on money that I never saw.
*************************
That’s one of the reasons for the standard deduction. And it’s equal across the nation.”

If one of the “reasons” for the standard deduction is to avoid taxing people for money that they never possessed, then it seems that it would stand to reason that it shouldn’t be limited to how much that amount actually ends up being.


71 posted on 06/14/2019 8:59:54 AM PDT by Behind the Blue Wall
[ Post Reply | Private Reply | To 70 | View Replies]

To: Behind the Blue Wall
Well, xin lỗi, enjoy the suck. ;-)
72 posted on 06/14/2019 9:10:29 AM PDT by House Atreides (Boycott the NFL 100% — PERMANENTLY)
[ Post Reply | Private Reply | To 71 | View Replies]

To: SeekAndFind

bookmark


73 posted on 06/15/2019 10:27:21 AM PDT by Skylar
[ Post Reply | Private Reply | To 1 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-2021-4041-6061-73 last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson