Posted on 11/20/2017 4:42:05 PM PST by SkyPilot
The percentage of federal individual income tax filers claiming a deduction for state and local taxes paid in 2015, ranked by state:
1. Maryland: 45.7 percent
2. Connecticut: 41.3 percent
3. New Jersey: 41.2 percent
4. Virginia: 37.3 percent
5. Massachusetts: 36.9 percent
6. Oregon: 36.0 percent
7. Utah: 35.3 percent
8. Minnesota: 34.7 percent
9. New York: 34.5 percent
10. California: 34.4 percent
11. Georgia: 32.8 percent
12. Rhode Island: 32.8 percent
13. Colorado: 32.5 percent
14. Delaware: 31.6 percent
15. Illinois: 31.3 percent
16. Wisconsin: 31.0 percent
17. New Hampshire: 30.9 percent
18. Washington: 29.9 percent
19. Iowa: 29.5 percent
20. Hawaii: 29.1 percent
21. North Carolina: 29.0 percent
22. Pennsylvania: 28.6 percent
23. Arizona: 28.4 percent
24. Montana: 28.2 percent
25. Idaho: 28.0 percent
26. Maine: 27.6 percent
27. Nebraska: 27.6 percent
28. South Carolina: 27.3 percent
29. Vermont: 27.3 percent
30. Michigan: 26.5 percent
31. Missouri: 26.1 percent
32. Ohio: 26.1 percent
33. Kentucky: 26.0 percent
34. Alabama: 25.8 percent
35. Kansas: 25.5 percent
36. Nevada: 24.6 percent
37. Oklahoma: 24.0 percent
38. Mississippi: 23.3 percent
39. Louisiana: 23.0 percent
40. Texas: 22.8 percent
41. Indiana: 22.8 percent
42. Florida: 22.5 percent
43. New Mexico: 22.5 percent
44. Arkansas: 22.3 percent
45. Wyoming: 21.6 percent
46. Alaska: 21.4 percent
47. Tennessee: 19.3 percent
48. North Dakota: 18.5 percent
49. West Virginia: 17.0 percent
50. South Dakota: 16.9 percent
District of Columbia: 39.8 percent
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(Excerpt) Read more at abcnews.go.com ...
And as I keep saying, markets go up, markets go down, and not ALL stocks go up nor down when the market does.
I have, constantly written "paper profits", which disproves your claim that I don't understand anything. It is you who has a reading and writing problem!
And for those who shall be paying more in taxes, should Trump sign this POS thing, they aren't going to have much, if anything at all to invest with. Hell, they might just have to sell some investments because of their tax increase!
“and now - no matter where I go - my new bill will increase by at least $2700.”
Could you explain in detail, since tax rates are going down and the standard deduction is being doubled.
Factually TRUE!
Most middle class people with money in the market have it in an Ira, 401k, Roth, or some similar investment. Only idiots put every penny they have in a taxable account.
Without looking it up...what's a "strip" and what's a "butterfly"?
No, never mind, you never heard those terms and I do admit it was an unfair query, because it has to do with options. LOL
Clearly I could help you. But you’re beyond help. Find a CPA and a good investment guy and then take their advice. Read up on strategies and have a great life man......
You get the teensy violin award.
I have a margin account. You gotta quit being dumb
Ahhhhhhhhhhhh...but that isn’t the ONLY topic ( IRA/401K ) that you have included in your posts. Some of which you just talk about as “investing”. And you DID claim that you “live off your investments and a farm; which means that THAT money IS taxable!
I used to trade dirivitives for an oil and gas company. Sold physicals too.
The farm is a deduction. There is no better way to lose money than own a farm.
Okay, I almost posted personal info, but got rid of that, so you are just going to have to continue to be in the dark as to just HOW stupid your posts to me really are! Just know, that the more you post these silly things to me, the more I'm laughing and you'll NEVER know why, nor what a damned fool you've made of yourself! LOL
BWAAAAAAAAAAAAAAAAAAAAAAAAAAAHAHAHAHAHAHAHAHA
Just wait for the crash ! *snicker*
You were never on "the floor", though...were ya.
Options traders use margin accounts. Doesn’t mean they buy everything “on margin”
When you trade derivitives for an oil and gas company you do it in your office. But we did have a little war room where everyone wrote their trades on the board..... Sorry if I’m disappointing you
Okay, diddums, who did you trade through and when?
And you imagine that you know more than I do; what a laugh riot!
We placed them with various banks who would facilitate the other side of the deal. Most often hedging our naturally long oil and gas position.
We placed them with various banks who would facilitate the other side of the deal. Most often hedging our naturally long oil and gas position.
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