Lather, rinse, repeat...
Posted on 06/21/2019 6:39:34 AM PDT by SleeperCatcher
Thanks in large part to the Trump-GOP tax reform law passed in December 2017, residents of high-tax states like New York, New Jersey, and California are leaving in high numbers — and the exodus is only just beginning, say experts.
“It took a few months for taxpayers to realize the dollar implications – until they actually filed their tax returns this year,” Alan Goldenberg, a principal at Friedman LLP, told Fox Business. “It quantified the impact of the loss of the SALT deduction when people saw it in front of their eyes on their tax return.”
(Excerpt) Read more at thenationalsentinel.com ...
Wherever they move to they need to leave their liberal fiscal values in their old state.
They should have been fleeing the SALT in the first place
As many have done way before this deduction was ever limited
As it properly should be limited it serves absolutely no public purpose It was just a subsidy to the blue states
Rarely do people stay and fight. I
The Federal government was subsidizing a whole lot of bad liberal government policy at the state level. This tax change + the reduction of corporate tax rate from 36% to 21% = very stable genius.
Yeah, that would be nice but we all know what’s gonna happen for the most part. Wait until some of them discover that thera are a few states with no income tax. Yet.
And the reason for passing the illegal immigrant drivers licenses in NY is because they sign up to be able to VOTE.
They won’t. They’ll move to a new state and continue voting Democrat, which is not good for us in the long run.
Lather, rinse, repeat...
That's a lot of scratch for the privilege of living in NJ. Now if you work at Goldman Sachs you are sort of stuck, you can live in NY or CT but you're still paying the same. But if you own a business and can decide where you want your HQ to be, easy peasy: move to Delaware of Florida or ... almost anywhere is better than NJ.
The best part of this is the Governor of NJ is responding by creating a special tax on incomes over $5M and now he wants to extend that to anyone making over $1M. This guy was the CEO of Goldman Sachs and he's that economically illiterate that he thinks taxing them more in these circumstances will work out well.
Wrong. They need to leave all liberal values in their old state. Social, fiscal and ethical.
The fact is they screw up everything they touch everywhere they go. And I positively loathe these old kalifornians moving here to civilization. Old wrinkled men with long scraggly gray hair smelling like they haven't bathed in a week. Their skanky wives, ditto.
New Yorkers are just as bad. Passing on the right, like they haven't got more than two or three functioning IQ points.
An Oregon legislator (R) commented that pending tax legislation would cause people to leave the state. Another legislator (D) said let them leave. “D”, the party of evil.
Illinois is losing the equivalent of a medium sized suburban town every year.
Every year. No wonder the Dems here are howling about the census. We are going to lose at least one and maybe two House seats. And you can bet that they’ll be the few remaining Republicans.
L
Yep, this may end up backfiring on us.
That’s why we took our Yankee money and went south.
That’s why we took our Yankee money and went south.
I.E. The limited SALT Deduction.
People aren’t blaming the High Tax States they live in for the increased Tax Burden, they ae blaming Republicans and POTUS Trump for passing the Tax Bill.
I still believe it played a part in us losing the House and not gaining more Seats in the Senate. We should have had 55, not 53.
Yes, I know that the Russian Hoax and the 40 plus House GOP Retirements played a role as well.
I still think the SALT Deduction should have been at least $20,000, not the $10,000 that made it to the final Tax Bill.
Just as interest received is taxed, interest paid should be deductable.
New York city is worn out. It needs to be made into a separate state so the rest or New York isn’t dragged down by that city’s maintenance costs.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.