Posted on 12/27/2004 7:22:18 AM PST by alessandrofiaschi
I'm torn. On the one hand we really benefit from the deduction, but why should other taxpayers subsidize NYers. Plus, if we couldn't deduct it, maybe that would encourage NYers to make it clear to our state and local office holders that we won't tolerate ever increasing taxes. We loved that reduction we got from 43, but the state and local pols have eaten most of it up. The pols giveth with one hand and taketh away with the other. ENOUGH.
but it won't work like that. the Dems who live in NY are municipal workers, teachers, union members, people on public assistance - they aren't leaving over this. private sector upper middle class workers are the ones who are going to leave, many of them vote republican now - I can assure you, they will not when they reach their new destinations if they are forced out of NY by a Bush tax increase like this.
NY gets back less than most, if not all, other states as far as the taxes sent to D.C. and the Fed funds returned. NY's have been subsidizing the rest of the states all along.
Besides, this isn't an us vs. them argument. fed taxes are deducted on state forms and state taxes are deducted on fed forms, it's about reciprical NON-taxation. It's the reason people buy MUNICIPAL BONDS.
"in case you don't already know about HR25"
Oh, yeah. CHIEF Negotiator and I used to discuss the issue before his untimely parting.
good point.forgot that one.
Thanks for the ping.I'll read later today.
Palm Beach County = Great Neck/Scarsdale South
And I hope that the plan does away with the "earned income tax credit" that gives up to $4000 per year to people who don't pay taxes.
A typical class-warfare comment! $100K per year is not rich in many urban areas of the country: LA, the SF Bay area, and Boston to name a few.
You cannot live in NYC metro area in a middle class lifestyle on 100K. It is almost impossible.
"They're a Blue State. They like high taxes. Make 'em pay!!!!!!"
I like Jay Leno's tax reform proposal better .... only the Blue states should have to pay (federal)taxes.
Won't hurt us here in Tennessee....We have no State income tax.
"There has been whispers that Texas may have to start a state income tax, but taxpayers will get the big sticks out if they try, and I think the pols know it, too."
Some of the Tennesse state legislators tried to institute an income tax and the local talk radio show hosts got onto it. They almost had a riot outside the state capital.
"3. The issue is not Blue vs. Red or rich vs. poor -- it is what tax system is most pro-growth."
Well said. When we go to the FairTax, which is the MOST pro-growth option, this won't be an issue. A lot of other tax-related issues go away, also.
bump!
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