Posted on 01/03/2018 5:10:51 PM PST by Joe Dallas
SACRAMENTO, Calif. (AP) — Democratic California lawmakers are exploring ways to blunt the impact of the new federal tax law on the state’s taxpayers.
Federal law has long allowed people to deduct their state and local taxes from their federal tax bill, but the tax overhaul signed last month by President Donald Trump caps that deduction at $10,000.
(Excerpt) Read more at sanfrancisco.cbslocal.com ...
They could cut benefits to illegal aliens. Then cut benefits to welfare sponges. But that’s just crazy talk.
“So the rest of the country has been subsidizing these big RAT, hight-tax states???”
After all the debate on that subject over the last couple of months, you continue to hold onto that fallacy?
Are you not aware these big rat states support the nation, and subsidize YOUR state?
Lower your gd state taxes....
Short term pain for long term gain. Appears this is a back door way to rein in welfare, state budgets, and immigration.
“....Are you not aware these big rat states support the nation, and subsidize YOUR state?....”
LMAO. Ummmmm......no, but if you say so, it must be.
“It was a brilliant idea”
There are 34 Republican House members from CA, NY, NJ and IL alone.
They are all in jeopardy in 2018. Anyone who believes otherwise is not very astute.
Secession would be the best alternative.
I believe your state is Texas.
Texas pays about $.50 in Federal taxes for every dollar in Federal expenditures it receives.
Idaho’s income tax is nasty, but not nearly as bad as the PROC. Nevada and Washington are much better. (Nevada if you live in the Great State of Ada, Washington if you are in the Panhandle.)
Make Hollywood pay for it!
There are more dimocrats and they are even more vulnerable - they did NOTHING to avoid this. They sat on their hands.
I am a CPA in CA. It was a brilliant move by Trump. 80% of taxpayers get a tax break. CA, NY, IL, aren't going to vote for Trump anyway. No way. No how.
I've re-calculated estimates of several client's 2018 taxes based on their 2016 income. Many would be paying less or not that much higher taxes. Before you complain, you should do your own calculations.
Be mad at the high-taxed states, not Trump.
And Republicans have finally signed on to the idea that it’s the Government’s money, and letting you keep it is a subsidy. Good going GOP!
A few perhaps. The advantages of the tax plan outweigh the disadvantages for most of their voters. It will take concerted efforts by the dem candidate to knock them off and the dem cannot be a Pelosi clone, that won't work.
I always thought there were rules against “double taxation” - which is why I would assume that those taxes are deductible. And while I understand removing the deduction of health insurance and medical expenses - it pisses me off when all of the effects of obamacare are still around. My premiums went up 50% this year - and now I have to pay taxes on it as well.
CA, NY, IL or HI will find a federal judge to declare the law unconstitutional. Then all hell will break loose in regard to corporations, individual withholding, IRS liens.......
Lower state and local taxes.... that’s pretty much the only way...
“...Texas pays about $.50 in Federal taxes for every dollar in Federal expenditures it receives....”
So now, without the “write-off”, there’ll be more Federal money available. I see the logic. Thanks.
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