Posted on 01/04/2018 1:14:04 PM PST by kocooked
For decades Democrats have sought in vain for ways to make paying taxes as attractive a proposition as lining up around the block to attend the opening of the latest installment of the “Star Wars” franchise. Well, Mr. Trump, ever the consummate showman, has quietly provided the recipe.
Democrats will publicly decry the new tax legislation. But privately they are jubilant, especially with the new cap on deductions for state and local taxes. With this single provision, Mr. Trump’s tax bill manages to do what Democrats have long dreamed of doing: make the “rich” pay more in federal income taxes.
(Excerpt) Read more at post-gazette.com ...
Pure BS. The Democrats only want rich self made people to pay more. Trump is making the wrong Rich people pay more.
The Dems know that the Rich will not pay more then they already are so The rich Dems are going to pay less to these states so that their overall taxation level does not go up.
The irony is that a lot of those rich people in blue states are going to be paying considerably higher STATE income taxes if their state bases tax collection on federal taxable income, because federal taxable income will be going up for most of the truly rich.
I wonder if those blue state legislators will ease the pain by voting to cut their state tax rates?
Mr. Trump’s tax bill manages to do what Democrats have long dreamed of doing: make the “rich” pay more in federal income taxes.
My thought exactly when I watched the CNBC report on people standing in long lines on Long Island to write checks to pay property taxes. They spoke to one guy who was in the process of writing a $12,000 check. I don’t know that there are many of us who could without notice write such a check between Christmas and New Years.
If he is paying $12,000 or more in property taxes, his monthly housing but has got to be $3 to $4,000 ($36 to $48,000 per year) and at that he is earning $150k or more.
"Mr. Trump’s tax bill manages to do what Democrats have long dreamed of doing: make the “rich” pay more in federal income taxes."
FR: Never Accept the Premise of Your Opponent’s Argument
With all due respect to mom & pop, please consider the following.
If rich parents were making sure that their children were being taught about the federal government’s constitutionally limited powers, particularly Congress’s limited power to appropriate taxes, then their now rich adult children would not only be able to argue lower federal taxes for themselves, but for all taxpayers as well.
More specifically, a previous generation of state sovereignty-respecting Supreme Court justices had clarified that Congress is prohibited from appropriating taxes in the name of state power issues, basically any issue that Congress cannot justify under its constitutional Article I, Section 8-limited powers.
“Congress is not empowered to tax for those purposes which are within the exclusive province of the States.” Justice John Marshall, Gibbons v. Ogden, 1824.
”From the accepted doctrine that the United States is a government of delegated powers, it follows that those not expressly granted, or reasonably to be implied from such as are conferred, are reserved to the states, or to the people. To forestall any suggestion to the contrary, the Tenth Amendment was adopted. The same proposition, otherwise stated, is that powers not granted are prohibited [emphasis added].” —United States v. Butler, 1936.
"The smart crooks long ago figured out that getting themselves elected to federal office to make unconstitutional tax laws to fill their pockets is a much easier way to make a living than robbing banks." —me
"Federal career lawmakers probably laugh all the way to the bank to deposit bribes for putting loopholes for the rich and corporations in tax appropriations laws, Congress actually not having the express constitutional authority to make most appropriations laws where domestic policy is concerned. Such laws are based on stolen state powers and uniquely associated stolen state revenues." —me
So regardless if rich citizens pay a bigger percentage of their income in taxes, Congress better be able to justify all federal spending under Section 8.
Also, consider that in order to make Pres. Trump’s vision for MAGA and Section 8-compliant federal taxes as permanent as possible, patriots need to be doing the following.
Patriots now need to be working with their state lawmakers to support Pres. Trump in leading the states to repeal the 16th and ill-conceived 17th Amendments.
That’s not rich in those states. The truly rich don’t have regular income. People like Warren Buffett can say he wants higher taxes on the rich, but watch him squeal if they start taxing wealth instead of income.
Smart rich blueys will vote w feet and exit high tax states.
The won’t and I don’t think there’s any way that they can. When you’re paying cops over $100k a year and giving them a full retirement after 20-25 years of service, how do you cut that? Tell the new guy that his partner, that got on the job 1 yr before him can retire at 46 years old - full pension and benefits-making about $75k or more a year - will switch to a 401(k) type retirement and have to work til their 55 or 60?
In California, cops and firemen get up to a 90%, defined benefit pension. Some guy retires, averaging $175k for the last 3 yrs and he’s looking at $160k/yr for the rest of his life, with bennies. Hard to sustain that.
Add to that, the rich folks, that can move, will move. Unfortunately. Unfortunately, they’ll move South and West, to lower tax states and slowly but surely, destroy them. For example, Colorado, Montana, Florida, North Carolina and what they’re doing in Georgia. They are like locusts. A big, YUGE, GIGANTIC wall should be built around all of them and let those people live with the policies they’ve pushed for decades.
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