Quote:
Originally Posted by PaulS
NY pays far more in taxes than they receive back from the Fed. Anything that she can do to level that field, I'm all for. States that don't pay their fair share should be ashamed of themselves and should admit that its basically welfare.
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Typically the big "Blue States" like CA, MN, IL, NY, NJ, MA, CT, VT etc...pay more in Federal Taxes and get less in return while the "Red States" suck more from the Federal Government and return less in tax revenue. It's not a clear split, but there's clearly a trend.
This does make some sense for the most part. States with large economies like CA or NY are going to generate more taxable revenue streams, they also have a lot of wealth.
So when hurricane Katrina leveled LA, MS and AL...they can thank their stars there were states with a net positive revenue contribution to help them rebuild in a time of need. Is this socialisim? A waste of your tax money?
-spence