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Message

re: Tax hike on California millionaires would create 54% tax rate

Posted on 7/31/20 at 8:35 am to
Posted by Warfarer
Dothan, AL
Member since May 2010
12438 posts
Posted on 7/31/20 at 8:35 am to
quote:

With the deduction on state and local taxes capped at $10,000 under the Trump tax cuts, the top-earning Californians wouldn't be able to deduct the new taxes from their federal returns.



The spin, everyone look at the spin. Trying to pin it on Trump that they can't make huge deductions because the Orange man is bad.

From the article:

quote:

It would add a 1% surcharge to gross income of more than $1 million, 3% on income over $2 million and 3.5% on income above $5 million.


So California's tax rates are already stupid and they are trying to bleed them all before they dump town.
Posted by CarRamrod
Spurbury, VT
Member since Dec 2006
58632 posts
Posted on 7/31/20 at 8:37 am to
quote:

Dumbasses will move to Texas and vote for the same left leaning twits who caused them to move in the first place.


which is why I don't understand conservatives don't market this.
Posted by wutangfinancial
Treasure Valley
Member since Sep 2015
11988 posts
Posted on 7/31/20 at 8:39 am to
Does anybody have a demo breakdown of California? If the rich population is over 55 they're just committing suicide.
Posted by jamiegla1
Member since Aug 2016
7988 posts
Posted on 7/31/20 at 8:46 am to
As left as Tech is, they should all be thrilled to kick in a little more
Posted by TigerstuckinMS
Member since Nov 2005
33687 posts
Posted on 7/31/20 at 8:51 am to
quote:

If Texas ever tips, we will have a one party system.

Why do you think those evil motherfrickers have picked Texas to move to from California?
Posted by TH03
Mogadishu
Member since Dec 2008
172004 posts
Posted on 7/31/20 at 8:54 am to
quote:

Dumbasses will move to Texas and vote for the same left leaning twits who caused them to move in the first place.



Ahh the same tired talking point over and over.

Texas liberals are born in Texas for the most part. No one is moving here and changing it. A lot of California transplants are more conservative leaning anyways.
Posted by Centinel
Idaho
Member since Sep 2016
46805 posts
Posted on 7/31/20 at 8:55 am to
quote:

California is such a shithole.


California isn't a shithole. California is beautiful.

It's the people that live there that are shite.

Posted by wutangfinancial
Treasure Valley
Member since Sep 2015
11988 posts
Posted on 7/31/20 at 8:58 am to
This is correct. My parents would be categorized as Cali libs and they've left the state twice for tax and regulatory reasons and lol at either of them voting for any of the madness.
Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
99877 posts
Posted on 7/31/20 at 9:00 am to
quote:

Ahh the same tired talking point over and over.

Texas liberals are born in Texas for the most part. No one is moving here and changing it. A lot of California transplants are more conservative leaning anyways.



This.
The Libs are moving to AZ and NV cause that's what they can afford
Posted by kywildcatfanone
Wildcat Country!
Member since Oct 2012
141297 posts
Posted on 7/31/20 at 9:00 am to
Unless people start voting for what is best for them and the country, we are headed down a path to total destruction.

I won't be alive to see if fall, but it's coming, and sooner rather than later if things don't change soon.
Posted by TH03
Mogadishu
Member since Dec 2008
172004 posts
Posted on 7/31/20 at 9:18 am to
quote:

SDVTiger


Off topic, but how open is San Diego right now? Have a trip planned there mid august.
Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
99877 posts
Posted on 7/31/20 at 9:40 am to
quote:

Off topic, but how open is San Diego right now? Have a trip planned there mid august.


Beaches are all open and all restaurants moved to outdoor dining so you will be good

We thought it was gonna go back to full lock cause of LA but thankfully hasnt
Posted by TH03
Mogadishu
Member since Dec 2008
172004 posts
Posted on 7/31/20 at 9:42 am to
Yeah I noticed outdoor dining when I made a reservation for born and raised. Outside in SD is a dream anyways so I don’t care.

How are bars/breweries?
Posted by Packer
IE, California
Member since May 2017
8699 posts
Posted on 7/31/20 at 9:57 am to
quote:

How are bars/breweries?



From my experience last weekend, breweries that serve food are open for outdoor seating. Those that don't are open for to go only.
Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
299716 posts
Posted on 7/31/20 at 10:01 am to
quote:

But that small group of super-earners — many of them in tech — pay 40% of the state's tax revenues,


Progs just don't get it.
Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
99877 posts
Posted on 7/31/20 at 10:09 am to
quote:

Yeah I noticed outdoor dining when I made a reservation for born and raised


I was gonna tell you to go to Little Italy
They closed off the main street Fri-Sun at night so it's super fun being able to walk around anywhere

That place is the best
Then head down to King and Queen Cantina or Kettner exchange

quote:


How are bars/breweries?



I think good cause they are all outside. Weather will be great so no issues on that
Posted by TH03
Mogadishu
Member since Dec 2008
172004 posts
Posted on 7/31/20 at 10:12 am to
quote:


I was gonna tell you to go to Little Italy


Yeah it was either beach or there. I have 2 places booked so have to make a decision by the 8th.

Thanks for the help. Packer too.
Posted by schexyoung
Deaf Valley
Member since May 2008
6728 posts
Posted on 7/31/20 at 10:12 am to
Damn that is one progressive tax schedule.
Posted by Fat and Happy
Baton Rouge
Member since Jan 2013
20262 posts
Posted on 7/31/20 at 10:24 am to
What’s so comical about this is that the state is about to lose quite a few people and businesses.

People that make that kind of money are not gonna put up with that
Posted by GaDawg9977
Member since Aug 2016
2399 posts
Posted on 7/31/20 at 10:33 am to
Tax incoming residence at 56%. Keep them in their shite hole.
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