https://www.democraticunderground.com/100210005405Wed Dec 20, 2017, 08:18 AM
Star Member kentuck (83,360 posts)
S.A.L.T. in the wounds...
State and Local Taxes.
Republicans conspired about how best to hurt people in NY, NJ, IL, CA, and states that are able to deduct state and local taxes when filing their tax returns. This will teach those "godless liberals" in those blue states!
This will hurt not only the wealthy homeowners in these states but many middle-class homeowners. California is considering making these taxes a "charitable" deduction so that they can still be deducted. This feature in the Republican tax scam has created a real mess for these states.
They called it "tax reform". It was more of a "Screw you!" tax plan if you lived in these high tax states and you can no longer deduct your SALT on your tax filings.
Democrats should promise real "tax reform". We need to be much more progressive. The wealthy need to pay a much higher rate. Loopholes need to be closed. We need a much fairer system.
Hey, kentuck, a couple of things I'd like to point out and it's something that has been bothering me a lot. It seems the 'reality and fact based' community of DU has been purposely avoiding something about these SALT deductions and I kind of wonder why.
1.) Taxes are a GOOD thing. Why would you cry about not being able to claim the taxes you paid to your state as a federal deduction? I don't get that.
2.) Since it WAS a federal deduction, do you DU folk realize the rest of the country was SUBSIDIZING these states? Yeah, that's how that was working. These states are spending WAY too much money and rather than cutting their spending they raise their taxes on their constituents. Then those people get to charge the rest of us who live in fiscally responsible states to cover the bullshit their state is spending money on.
Now, is there anyone at DU that would like to come over and tell me how the red states are the 'takers'? You've been subsidized for your reckless spending for far too long. This tax reform may open the eyes of some of your politicians, but I doubt it.
KC