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re: Special Session: Black Caucus issues an ultimatum to increase income tax
Posted on 2/26/18 at 12:09 pm to slackster
Posted on 2/26/18 at 12:09 pm to slackster
quote:Voting for everything scheduled for today just got pushed back to tomorrow
I assume they're all Dems, so I don't see how their lack of support is relevant. Laws can be passed without them.
0
Posted on 2/26/18 at 12:09 pm to Dead End
quote:
Why do we even have a Black Caucas?
Bc you're a racist piece of shite
Posted on 2/26/18 at 12:10 pm to Harry Caray
I realize that’s how taxes work. I was just stating this impacts the lower to middle income people much more so than “upper class” as the majority of their taxes are already at 6%
Posted on 2/26/18 at 12:11 pm to Harry Caray
Weren't we told it was the Republicans who were obstructionists.
The Black Caucus would do their constituency a lot of good if they went after the Film lobbyists and the Nursing Home lobbyists instead of the Middle Class.
The Black Caucus would do their constituency a lot of good if they went after the Film lobbyists and the Nursing Home lobbyists instead of the Middle Class.
This post was edited on 2/26/18 at 12:30 pm
Posted on 2/26/18 at 12:12 pm to bbap
Never mind the fact that the federal tax cuts in 2018 will result in higher state income tax receipts by itself.
Lowering the federal income tax means you'll take a lower income tax deduction on presumably the same or higher AGI, resulting in higher taxable income for the state. A married couple with AGI of $120k will already pay nearly $200 more in state taxes in 2018 than they did in 2017, assuming no changes to state tax brackets.
Lowering the federal income tax means you'll take a lower income tax deduction on presumably the same or higher AGI, resulting in higher taxable income for the state. A married couple with AGI of $120k will already pay nearly $200 more in state taxes in 2018 than they did in 2017, assuming no changes to state tax brackets.
Posted on 2/26/18 at 12:13 pm to Harry Caray
quote:
The proposed tax bracket would look like:
2% - First $12,500
4% - Next $12,500 (up to $25,000)
6% - Earnings beyond $25,000
Jesus some of you are stupid.
frick the Black Caucus, they're all completely illiterate morons, but reread this bracket before you comment.
Posted on 2/26/18 at 12:13 pm to terd ferguson
Is there a white caucus? Or Asian,or Hispanic? Native American?
Posted on 2/26/18 at 12:13 pm to FightinTiga
quote:
Is there a white caucus? Or Asian,or Hispanic? Native American?
Baw, that would be racist as frick.
Posted on 2/26/18 at 12:13 pm to Harry Caray
Is the black caucus as big as some people claim, or is that just a myth made up by its members?
Posted on 2/26/18 at 12:15 pm to baldona
quote:
It would affect anyone above 25K
Wrong, it would affect anyone above $12.5k. $12.5k to $25k would pay an additional 2% there also.
Huh?
$12,500 to $25k would pay 4% marginal rates under the current and proposed changes. $25k+ is where the changes would be felt.
Posted on 2/26/18 at 12:17 pm to TigersSEC2010
quote:
Jesus some of you are stupid.
Lots of guys who pass up raises because they don't want to be in a higher tax bracket in this thread.
Posted on 2/26/18 at 12:18 pm to TigersSEC2010
Well, I only support it if the Mestizo Indian Caucus is on board......
Posted on 2/26/18 at 12:19 pm to slackster
Yes, that was the dumbest I have felt in a while... oh well, never too old to learn something new.
Posted on 2/26/18 at 12:20 pm to slackster
quote:
Huh?
$12,500 to $25k would pay 4% marginal rates under the current and proposed changes. $25k+ is where the changes would be felt.
I think some edits by the OP may have thrown people off
Posted on 2/26/18 at 12:22 pm to OneMoreTime
quote:
It's an extra $500 on anyone making $50k or more
Thank you.
It amazing how many people have no idea how tax brackets work. I can't even count how many times I've heard people say that they want to make less money, so that they don't get into a higher tax bracket.
Posted on 2/26/18 at 12:23 pm to Harry Caray
I have true faith that the state will spend the new funds with the utmost respect and mindfulness.
Posted on 2/26/18 at 12:26 pm to Powerman
quote:
think some edits by the OP may have thrown people off
It seemed to make sense when I responded, but perhaps you're right.
Posted on 2/26/18 at 12:28 pm to Harry Caray
quote:
Special session update: the black caucus has issued an ultimatum to increase income tax by compressing tax brackets or they won’t vote for any bill. In other words, they are blowing everything up. #lalege
I hope they stick to this. I don't think even the RINO's will be able to swallow this.
I would like to think they would use the regular session for spending reforms instead, but that's wishful thinking.
They will use finance magic to tide the state over for a couple of months and return for another special session to complete their tax hikes after the regular session.
Posted on 2/26/18 at 12:28 pm to ReauxlTide222
quote:
That just hurts poor people more
Actually the people that vote for them don't pay taxes
Posted on 2/26/18 at 12:30 pm to Harry Caray
So much dumb...
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