GOP TAX PLAN

[PaulS]

Thanks, but that doesn't say that the NE is heavily subsidized by other states. The state and local tax deduction is only 1 part of federal taxes. W/o that deduction, we would be taxed 2 x on the same $ of income.

Red states get more $ from the gov. per $1 then they pay to the gov. Blue states get less $ from the gov per $1 then they pay to the gov.

https://wallethub.com/edu/states-mos...vernment/2700/

https://www.theatlantic.com/business...takers/361668/

http://www.slate.com/blogs/the_recko...our_taxes.html

http://www.businessinsider.com/red-s...ernment-2015-7

[DZ]

Originally Posted by PaulS

Thanks, but that doesn't say that the NE is heavily subsidized by other states. The state and local tax deduction is only 1 part of federal taxes. W/o that deduction, we would be taxed 2 x on the same $ of income.

Red states get more $ from the gov. per $1 then they pay to the gov. Blue states get less $ from the gov per $1 then they pay to the gov.

https://wallethub.com/edu/states-mos...vernment/2700/

https://www.theatlantic.com/business...takers/361668/

http://www.slate.com/blogs/the_recko...our_taxes.html

http://www.businessinsider.com/red-s...ernment-2015-7

You're right its only one loophole. The other loopholes such as mortgage insurance are just to controversial. Again, we'll see how it goes. I'll let you know next year how it impacts me - if it improves the lives of the majority and improves the countries economy I'm all for it.