Could you please explain how much your taxes went up, because people in states who have to pay state income taxes, were able to deduct them on their federal tax forms?
You don’t need to tell me the cents part. Just rounded dollars will be okay.
Folks, don’t we want to cut taxes?
Since when do we line up to say, “Oh great. Yeah, I believe in more taxes. Why tax those people. It’s only right.”
Anything that lowers people’s tax exposure is fine with me.
I hate taxation. Anything that reduces it for anyone, is a-okay with me.
$20 Trillion in Federal deficits.
How much does my family owe on that to make your life in a high tax state a little easier...
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Could you please explain how much your taxes went up, because people in states who have to pay state income taxes, were able to deduct them on their federal tax forms?
I can tell you where this will go. The working-class...I would put this as the folks who generally make $35k or less across the nation are the ones to benefit from this tax change.
But when you do this math...states like NY, California, and urbanized areas like Seattle, Atlanta and Miami....won’t see any relief. When you do the numbers in three years...those regions or states will see more money going into the national pot, and less coming back to their city, region, or state.
If you go and review this big fight going on in Spain with Catalonia...this is mostly about a productive part of the nation which contributes roughly 20-to-25 percent of the national budget but they have only around 11-percent of the population. They don’t see the revenue coming back to themselves in a fair way. This is triggering separation issues. In a way, Trump is planting this long-term issue of unfair taxation (up and down the lines) and unfairness in redistribution of taxable revenue.
If there was some big ‘cut’ going on and a quarter of the government’s spending was gone...people might see things different. So far, spending cuts have been somewhat marginal.
But, Trump is correct in helping the working-class Americans...more than the urban dwellers or the wealthy...they were the ones who voted for him.