- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
0
Posted on 10/22/17 at 12:32 pm to I B Freeman
quote:
charities
Yikes. I don't understand why you would want to eliminate this deduction.
Posted on 10/22/17 at 12:47 pm to Wednesday
quote:The argument is that renters essentially raise their rents by voting for property taxes.
I've never understood how people could vote on an increase to property tax, when they don't own property. That seems like taxation without representation to me.
While Louisiana has historically had very low property taxes, the income tax sucks. Take a couple in Louisiana earning $400k a year and a $500k house. Take out a personal exemption and federal taxes and they owe, what? 6% on the balance and about $2k on property tax? Sound about right?
In Texas, same scenario: 0% income tax and about $12k in property tax, half what they'd pay in Louisiana. Those dollars go into the economy and help keep it stimulated, which enables the state to keep the overall tax burden relatively low.
Of course, additional explaining is necessary to describe how Texas does more with less: Texas manages the graft and corruption a little better than Louisiana which doesn't manage it at all. Too many fingers in the pie.
Posted on 10/22/17 at 12:59 pm to udtiger
Middle class voters that went trump this election in Wisconsin Michigan ohio that lose money on this will not favor it.
Cut your nose to spite your face.
I would be very careful
Cut your nose to spite your face.
I would be very careful
Posted on 10/22/17 at 1:11 pm to crazyatthecamp
quote:
Middle class voters that went trump
realize the situation as opposed to Clinton voters. Don't be so sure of what you think Trump voters will or will not do.
Posted on 10/22/17 at 1:24 pm to udtiger
quote:
It will sting a little, but it will be worth it to see people in NY, CA, Conn., etc. "pay their fair share."
Louisiana gets far more in federal dollars than it pays. When will its citizens pay their fair share??
Posted on 10/22/17 at 1:25 pm to theronswanson
quote:
Louisiana gets far more in federal dollars than it pays. When will its citizens pay their fair share??
Agreed. We should cut the program that delivers most of those federal dollars, right?
You don't even understand how your argument defeats itself, do you?
This post was edited on 10/22/17 at 1:26 pm
Posted on 10/22/17 at 2:38 pm to Homesick Tiger
One of the other big issues of debt and waste is the spend it or lose it policy in government. Then they waste it and ask for a budget increase the next year. We need to find a way to budget differently and budget forecasting has to become more accurate as well.
Posted on 10/22/17 at 2:38 pm to BBONDS25
quote:
Agreed. We should cut the program that delivers most of those federal dollars, right?
You don't even understand how your argument defeats itself, do you?
Not at all. I agree that we should cut food stamps, flood insurance, long term unemployment, government regulation, etc.
Posted on 10/22/17 at 3:14 pm to HubbaBubba
I have advocated the removal of this tax deduction for a long time (when combined with a rate drop to make it net neutral).
Having the state and local tax deduction places a strong incentive towards socialist high-tax / big government policies at the local level.
It is very much like the 401k employer match with the feds providing a ~25% match for local taxes. Currently, a state can increase the total dollars in the state by raising taxes, since for every dollar they tax that is less money leaving the state to go to Washington DC.
Just watch. this will change the political dynamics at the local level and will push everyone towards republican ideals.
Having the state and local tax deduction places a strong incentive towards socialist high-tax / big government policies at the local level.
It is very much like the 401k employer match with the feds providing a ~25% match for local taxes. Currently, a state can increase the total dollars in the state by raising taxes, since for every dollar they tax that is less money leaving the state to go to Washington DC.
Just watch. this will change the political dynamics at the local level and will push everyone towards republican ideals.
Posted on 10/22/17 at 3:20 pm to ChEgrad
quote:
You seem to be under the mistaken impression that our government is underfunded
No, we're overfunded if we can afford all these tax breaks for every little thing. IRL, you don't give money to someone that you don't have, so why should the government?
Posted on 10/22/17 at 3:27 pm to HubbaBubba
As someone who itemizes...frick this tax plan.
Posted on 10/22/17 at 3:32 pm to gamatt53
quote:
As someone who itemizes..
and fudges on the government a little, frick this tax plan.
Congrats on contributing to the problem.
Posted on 10/22/17 at 3:35 pm to Homesick Tiger
quote:
and fudges on the government a little, frick this tax plan. Congrats on contributing to the problem.
Lol so small gov conservative of you
Posted on 10/22/17 at 3:38 pm to gamatt53
quote:
small gov conservative of you
What the hell does that have to do with what I said. I see you didn't respond to my statement about fudging. So, do you cheat on your taxes?
Posted on 10/22/17 at 3:38 pm to gamatt53
quote:
As someone who itemizes.
Posted on 10/22/17 at 3:45 pm to Homesick Tiger
quote:
So, do you cheat on your taxes?
I want as much of my money as possible NOT going to our wasteful and inefficient fed gov
This post was edited on 10/22/17 at 3:45 pm
Posted on 10/22/17 at 3:50 pm to gamatt53
Good luck with that future OIC then.
Posted on 10/22/17 at 3:50 pm to Homesick Tiger
quote:
No, we're overfunded if we can afford all these tax breaks for every little thing. IRL, you don't give money to someone that you don't have, so why should the government?
Tax breaks are not the government "giving" anybody shite. It is the government letting certain people keep more of their own money. None of it is the government's money.
Posted on 10/22/17 at 3:52 pm to HubbaBubba
Screw Cali and anyone dumb enough to still live there. Pass the reform, put money in the pockets of working Americans, grow the economy, and get drunk on liberal tears!
Page 2 of 3
Popular
Back to top
Follow TigerDroppings for LSU Football News