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To: OneVike
These millionaires and billionaires were ALWAYS paying "their fair share." Nothing has changed, except now they pay more.

This will only be temporary for most of them, though. These people pay accountants to figure out to get around these taxes, even if it means setting up a phony "permanent residence" in a state with no income tax.

24 posted on 05/17/2018 5:42:59 PM PDT by Alberta's Child ("I saw a werewolf drinking a pina colada at Trader Vic's.")
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To: Alberta's Child

No they didn’t. If they paid $1 million in states taxes and owed $2 million in Fed tax, they were able to deduct the $1 million they paid to the state, and thus paid only $1 million of their fed tax.

Now they have to pay their $1 million in state tax, and the whole $2 million they must pay now.

That is a total of $2 million before the new tax law, compared to $3 million they pay under the new tax law.

How is that the same?


29 posted on 05/17/2018 5:50:09 PM PDT by OneVike
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