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Old 08-17-2022, 12:41 PM   #22
PaulS
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Quote:
Originally Posted by Jim in CT View Post
What you always leave outdon't know what that has to do with your posting a link to an article about state debt?, is that the fed (until Trump stopped it), gave residents of high-tax blue states a big federal tax deduction, not available to residents of low-tax red states. I'm referring to what used to be an un-capped deduction for state and local taxes, which is a big federal income tax break for residents of high tax blue states, paid for by people in low tax red states.
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So maybe the states that lag behind in almost every health and welfare category need to start taxing their residents more so they have the funds to help the less fortunate in those states. The SALT deduction would have been available to any state that had an income tax. Instead those states choose not to have an income tax and as a result they don't have the funds to provide clean water and sewers for some of their residents. But the rich in those states do ok.
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