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Posted on 12/3/17 at 9:14 am to SlowFlowPro
Theoretically, the citizens of high tax states are receiving goods and services from their governments for their tax dollars. And the feds allow them to deduct it.
Theoretically, the citizens of low tax states are purchasing these goods and services from private sources. But, the feds do not let them deduct it.
Now fairness being a goal of all, and a trumpeted hallmark of liberals, demands equal treatment of the deductibility of these goods and services.
Therefore, the deductions should be eliminated, or a set standard deduction should be given to everyone!
Theoretically, the citizens of low tax states are purchasing these goods and services from private sources. But, the feds do not let them deduct it.
Now fairness being a goal of all, and a trumpeted hallmark of liberals, demands equal treatment of the deductibility of these goods and services.
Therefore, the deductions should be eliminated, or a set standard deduction should be given to everyone!
Posted on 12/3/17 at 10:37 am to SlowFlowPro
quote:
i don't think that big of a % of our population deals with personal deductions and they will benefit greatly from the larger standard deduction
The problem is that the taxpayers who do itemize deductions tend to be higher income and have job skills which are portable. It's not inconceivable that these folks will pick up and move a few hours west to save several thousand dollars in taxes (I'm already thinking about it), so what we end up with is a drain of the high paying / higher discipline jobs, along with their associated income and tax base, not to mention ancillary support type (low skill) jobs created by these folks. I'm far from a trained economist, but my layman opinion is that this cannot be good for our state.
Posted on 12/3/17 at 10:39 am to CptRusty
quote:
but my layman opinion is that this cannot be good for our state.
well it may be or may not be, but it's going to hurt states like Cali, NY, Mass, etc a lot more
there are only so many "no/low income tax" states (like TX, Florida, etc)
Posted on 12/3/17 at 10:45 am to CptRusty
Your state could always change its tax policies.
Federal government power should be minimized so we can have 50 examples of how to do things with the best ideas being adopted by everybody else
Best practices for states with maximum impact.
Federal government power should be minimized so we can have 50 examples of how to do things with the best ideas being adopted by everybody else
Best practices for states with maximum impact.
Posted on 12/3/17 at 10:55 am to gthog61
quote:
Your state could always change its tax policies.
Exactly, because if they don't the FREE MARKET COMPETITION right next door will be surely be happy to welcome skilled workers and their economic contributions.
I think LA could actually be worse off than places like NY and CA because there is such an easy "out" right next door, leading to impacts I posted about earlier. For the citizens in states with no such exit strategy, they will likely pressure their states to change the tax laws to something more palatable. Watching the socialists in CA petition for lower taxes would be hysterical.
This post was edited on 12/3/17 at 10:57 am
Posted on 12/3/17 at 10:57 am to Gaspergou202
quote:
Theoretically, the citizens of high tax states are receiving goods and services from their governments for their tax dollars. And the feds allow them to deduct it.
Theoretically, the citizens of low tax states are purchasing these goods and services from private sources. But, the feds do not let them deduct it.
Now fairness being a goal of all, and a trumpeted hallmark of liberals, demands equal treatment of the deductibility of these goods and services.
Therefore, the deductions should be eliminated, or a set standard deduction should be given to everyone!
THS!!!
Posted on 12/3/17 at 10:59 am to Gaspergou202
quote:
the citizens of high tax states are receiving goods and services from their governments for their tax dollars.
What am I receiving in LA that I wouldn't be getting in TX? It damn sure isn't better roads!
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