““It has redistributed wealth in this nation from Democratic states—we’re also called blue states—to red states,” he said at the time.”
Isn’t Trump clever?
But all he reduced was the Federal deduction. If taxes are too high in those States, it’s nobody’s fault but the voters that vote in people that raise taxes. Red States tend to be more fiscally conservative and don’t need the feds fixing their problems.
It’s interesting that the title says Texas. I tried to read the rest of the article but there is a wall. So I didn’t see where Texas was mentioned. Our very brief stint living there, are property taxes were confiscatory. I don’t hear much of that here, so perhaps it was just our County. We paid more in property tax in Corpus Christi then we did property tax and state income tax combined in California. On a comparable house. On the other hand we’re in Tennessee now and are property taxes are a pittance. As are car registrations. And the state budget is balanced and the roads are great. Blue States could learn a thing or two.
CA taxes were punitive. So if they're paying more they're being economically gang raped.
” If taxes are too high in those States, it’s nobody’s fault but the voters that vote in people that raise taxes.”
Yes, but the voters who supported high taxes in California aren’t the ones being hurt by the Trump-GOP tax law. The ones being hurt are Republicans who have larger mortgage payments and can no longer deduct them from their federal taxes.
To repeat: Trump and the GOP raised taxes on their own supporters - ie Republicans - in California and other high-tax states. That’s one reason the GOP lost House seats in usually Republican districts in those states.
The big cities here in Texas are blue islands in a sea of red rural areas and small towns-just like the rest of the US complete with the high city and county taxes-small cities/towns and rural areas don’t have property taxes as high because people simply won’t vote for them or pay them-they will just move their home and small business to the next county where the taxes are lower.
When people decided a few years ago that school taxes were too high, a large number of parents began homeschooling-or put their kids in the local small Christian school-which was more than happy to put up 3 new buildings to handle the increase in enrollment-school taxes haven’t gone any higher after that...
In this county, there are no big boxes-and none wanted- you have to drive 30 miles to get to a WalMart-there are not a lot of conveniences close by in a rural area, but the taxes are much lower than a city-if you want to live in a city or burb where everything is provided by the city or is within a few miles, go for it-but you will pay for it on your tax bill-likewise if you want to live on acreage, join an electric co op to provide electricity and internet service, get water from your own or a communal water service/well, get groceries at a local store, etc then move to a rural area and pay low taxes...
Most townie transplants, however end up selling out and returning to the city in 1-2 years-they are too used to having all the conveniences close by and can’t make the switch to traveling farther for stuff...
Trump's new tax plan (capping deductions at $10K) definitely increased my overall taxes but I totally support it. Not Trump's fault that CT has decided to punish successful people with these onerous property taxes.
As a result of this new policy, will be more difficult for CT to raise my property taxes much further.
Tennessee is great indeed, except they do have the highest sales tax in the entire USA! That can be a burden for many folks.
But at least no state income tax.
Texas real estate taxes are rather high, tho they don’t have State income tax. They are growing so fast that infrastructure building costs and public school construction/operation costs are soaring. My son moved to the Dallas-Ft. Worth area a few years ago. He bought a home in Texas and got more than twice the home for the money as in Illinois. His current home is valued at about $300K and his annual real estate taxes are about $12K. Anyone who puts Texas down just doesn’t know what theya re talking about. It is a wonderful place to live and work. Don’t mess with Texas. My son’s neighbors are Chuck Norris and Donald Driver.
Actually, it's had the effect of 'un-redistributing' income.