I guess when you swindled $300 million out of the rubes via your Goldman Sachs ivory tower, it time to divorce wife #2 and go for Trophy Wife #3.
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
_________________________________________________________________
———
(Excerpt) Read more at abcnews.go.com ...
Thanks for the ping!
I guess when you swindled $300 million out of the rubes via your Goldman Sachs ivory tower, it time to divorce wife #2 and go for Trophy Wife #3.
the question can be this..... Would a person rather have a tax cut, or pay a little more..... Or have the market go up another 25%. The correct answer is have the market go up. If that is not a person’s answer.....it’s probably time to rethink their financial planning.
FR's lefty class warfare warriors don't understand that, nor do they care! Just wait until more of the crap that is buried inside the House and Senate Bills trickles out and their oxen are being gored and watch how THEY yell!
Yes, they did and are STILL lying to us!
Or perhaps that is a fool's choice: raise my taxes, in the hopes that a stock market that is already very inflated goes up another 25%.
Hedge fund billionaire warns about stock market bubble
Top Economist: Get Ready for a Stock Market Drop
14 months ago, even Donald Trump warned that the market was a "massive bubble" that was not even fueled by economic reality.
So now, 14 months later, we are supposed to believe that raising our taxes is a great idea, in the hopes that the bubble gets even worse?
OK. Sure.
I believe there will be a day of reckoning with the market.
Where are we then? Oh, with higher taxes and a lot of suicidal market gamblers jumping off roofs.
You’re a damned dog in the manger, delusional, and I can’t wait for something YOU care about being taxed/dissallowed in the final Bill!
People have been saying the market was going to collapse since 2010. I have friends who got into cash in 08. A couple still there. They’ll get to work until they’re 83 I think.
Jack the standard deduction up to $24,000 per individual.
My taxes will not go up. I’m retired and living on cap gains and a farm business in Oklahoma. But yeah. I would give up my tax cut for a higher market. All day every day.
She’s apparently “Nebbish Safe”.
I wouldn’t piss on her if she was on fire.
Doubt me? DON'T !
The huge corporations are getting a permanent, huge, TAX CUT.
Small companies are NOT going to get them.
Many people who are going to get a damned tax INCREASE, are the one who have disposable money with which to buy stuff ( in some cases, LOTS of stuff! ) and to invest.
The piddly amount that some posters, here, are cheering about getting, doesn't amount to all THAT much...except in the aggregate and THAT won't fuel the economy.
Worse yet...the "promise" of more jobs and higher salaries, WILL push many into higher tax brackets! So chew on THAT for a bit.
But Trump said this:
https://www.bloomberg.com/news/videos/2016-09-27/trump-we-are-in-a-big-fat-ugly-bubble
He was actually right. Now he is taking credit for the market getting higher, as corporations anticipate a massive tax cut for themselves.
Trump even said that we "had better be awfully careful." He warned that the Fed's actions could be catastrophic - because if interest rates are raised, the market (and all of us) are screwed.
Could the market continue to go up? Sure.
Is that gamble a good reason to ask for our taxes to be raised?
Hell no.
SkyPilot, seems reasonable to cap the deduction at the average paid across the States.
It may cause people in high tax states to think about how their State government is screwing them.
I’m sure my perspective is skewed because of the state I live in. I know 3 CPAs that do taxes for a living. One is my nephew. They all say they don’t know anyone whose taxes will go up based on what they have heard of the proposals. I dunno. I know mine will not go up.
This market is built on hot air, though and IF the Congress signs this POS and Trump signs it...there WILL be a CRASH and one that makes the '08 one look like a day in the park!
“Jack the standard deduction up to $24,000 per individual.”
Between alimony and all my SALT, I deducted over $35k last year. While my case is unusual, it’s not unique.
You won't get a "higher" market, but you ARE a fool!
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.