By moving to Florida, hed reduce his tax burden by roughly $550,000.
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Before Trumps tax changes (effective 2018) that $550,000 was tax deductible for computing federal taxes thus the federal taxpayers across the nation were, in effect, subsidizing Scarboroughs state taxes. With Trumps changes only the first $10,000 of the state and local taxes are federally deductible thus minimizing the subsidy of Connecticuts residents payment of their state taxes.
I dont blame them from fleeing Connecticut and its high (and no longer subsidized) state and local taxes. Many more will be following.
I don’t think anyone would blame Joe or any ‘joe’ for avoiding a higher tax. It’s that he criticizes others who do the same.
>>>I dont blame them from fleeing Connecticut and its high (and no longer subsidized) state and local taxes<<<
I blame them for not living up to their beliefs with their Progressive Tax BS. Hypocritical Commie DemoncRats, nothing more, nothing less.
I agree. Anything that denies the state of Connecticut and DeBlasio revenue is a good thing.