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Political Threads This section is for Political Threads - Enter at your own risk. If you say you don't want to see what someone posts - don't read it :hihi: |
02-07-2018, 03:10 PM
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#1
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Registered User
Join Date: Feb 2009
Posts: 7,725
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Quote:
Originally Posted by PaulS
Thank God for those highly educated folks in Calif. who help fund all those red areas.
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Actually, states like California and New York have had their massive overspending and high taxes, especially high property taxes, subsidized by a lot of red states who could not lower their federal taxes as much as the high tax states because their itemized property taxes were so much lower.
But, I wonder if you believe that gerrymandering is a threat to democracy, do you believe that states like California are also a danger to democracy: "There were two Democrats — and zero Republicans — running to replace Sen. Barbara Boxer. There were no Republicans on the ballot for House seats in nine of California's congressional districts.
At the state level, six districts had no Republicans running for the state senate, and 16 districts had no Republicans running for state assembly seats."
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02-08-2018, 08:45 AM
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#2
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Registered User
Join Date: Nov 2003
Location: RI
Posts: 21,467
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Quote:
Originally Posted by detbuch
Actually, states like California and New York have had their massive overspending and high taxes, especially high property taxes, subsidized by a lot of red states who could not lower their federal taxes as much as the high tax states because their itemized property taxes were so much lower.
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We'll file this under things you just made up.
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02-08-2018, 11:17 AM
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#3
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Registered User
Join Date: Feb 2009
Posts: 7,725
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Quote:
Originally Posted by spence
We'll file this under things you just made up.
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Didn't make it up. It's a fact.
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02-08-2018, 12:10 PM
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#4
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Registered User
Join Date: Nov 2003
Location: RI
Posts: 21,467
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Quote:
Originally Posted by detbuch
Didn't make it up. It's a fact.
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I'd love to see a study of that then. Just because you have high deductions doesn't mean you contribute net less...because you also have very high taxable incomes.
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02-08-2018, 12:37 PM
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#5
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Registered User
Join Date: Jul 2008
Posts: 20,441
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Quote:
Originally Posted by spence
I'd love to see a study of that then. Just because you have high deductions doesn't mean you contribute net less...because you also have very high taxable incomes.
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SALT deductions are disproportionately available in certain states - liberal, high tax states. Everyone else's tax rates are higher than they would be, if those deductions did not exist.
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02-08-2018, 03:38 PM
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#6
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Registered User
Join Date: Nov 2003
Location: RI
Posts: 21,467
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Quote:
Originally Posted by Jim in CT
SALT deductions are disproportionately available in certain states - liberal, high tax states. Everyone else's tax rates are higher than they would be, if those deductions did not exist.
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But those high deductions are still paying a disproportionate amount of taxes. This is why the studies show Red states are on average consuming more Federal dollars than they provide. You're tax deduction theory is already factored in...
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02-08-2018, 04:22 PM
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#7
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Registered User
Join Date: Feb 2009
Posts: 7,725
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Quote:
Originally Posted by spence
But those high deductions are still paying a disproportionate amount of taxes. This is why the studies show Red states are on average consuming more Federal dollars than they provide. You're tax deduction theory is already factored in...
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But they would be paying even more federal taxes if they didn't have the higher deductions. What is being subsidized, is the high taxes of those who have to pay in liberal spending states. It makes it more palatable to taxpayers in states with the high taxes required to pay for programs if they can deduct high property taxes to defray the federal tax burden. It makes it a little more likely that tax payers in high tax states will complain about excessive state spending if they can't buffer that with federal deductions.
But, even though money is recouped back to the state because of federal deductions, those high tax states still manage to overspend and get into unsustainable debt.
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02-08-2018, 11:37 AM
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#8
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Registered User
Join Date: Jul 2008
Posts: 20,441
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Quote:
Originally Posted by spence
We'll file this under things you just made up.
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He was exactly correct.
I live in a very high tax state. High state taxes, high local taxes, high sales taxes. I deduct that.
People who live, for example, in FL and the Carolinas, can't make that same deduction, because their state/local taxes aren't high enough
The feds need what they need from all of us. So to offset the high SALT deductions in high-tax states (which are liberal states), people in other states have to pay more. They absolutely pay higher federal income taxes, to subsidize the SALT deductions which we enjoy, and which are not available to them.
I would just love to see you try and make that wrong.
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