4
0

Blue States are tax break leaches


 invite response                
2012 Dec 5, 10:39pm   2,991 views  8 comments

by Tenpoundbass   ➕follow (9)   💰tip   ignore  

http://money.cnn.com/2012/12/06/news/economy/state-local-tax-deductions/index.html?iid=HP_LN





Seven of the eight states where taxpayers make the greatest use of the deduction are deep blue on the political maps. They include California, the most populous state, and Illinois, where President Obama calls home.

The states -- which also include New York, New Jersey, Pennsylvania, Massachusetts and Maryland -- have among the highest state and local taxes, including property taxes that pay for running municipal government and school systems. They also have among the highest median incomes in the nation.

So while Democrats are eager to raise taxes on the wealthy, they are likely to fight to protect this deduction. Between them those seven states will have 12 Democratic senators in the upcoming Congress.

"Eliminating this deduction would make the tax code a lot more progressive," said Joe Henchman, vice president for state projects for the Tax Foundation, a think tank that tracks taxes and tax legislation. "But it'll be a lot of blue state senators who will fight very hard to prevent that from happening."


See that's the problem when you point fingers at someone else... i.e. "the 1%"

There's an even bigger finger pointing back at you.
#politics

Comments 1 - 8 of 8        Search these comments

1   FuckTheMainstreamMedia   2012 Dec 5, 11:55pm  

This has been my point the whole time.

You have a bunch of landlords here, who likely pay far less in taxes on total income/earnings as a percentage than even Romney, yet they are screaming left and right for higher tax rates.

Those higher tax rates wont even affect them.

If you wanna raise taxes, do it right. Cap deductions, raise the capital gains tax. Eliminate loopholes.

Otherwise you are all just hypocrites.

2   edvard2   2012 Dec 6, 2:14am  

Well... seeing as how states like Cali pay a TON of money that winds up going to a lot of the less productive states I guess this at least partially makes up for that...

3   Tenpoundbass   2012 Dec 6, 2:18am  

dublin hillz says

I'll trade our real estate prices for yours in florida.

But but but you chose to live there, so you could walk to work and yogurt enemas from your 700K loft.

4   rooemoore   2012 Dec 6, 2:26am  

So the states that already are paying more to the feds then they are receiving should pay EVEN more to the federal government so that the slacker states don't have to pay more?

How about we make a it fair - every state gets back what they give. Then I'd agree that the tax deduction could be eliminated.

Here are the top 10 contributor states.

1. New Jersey ($0.62)
2. Connecticut ($0.64)
3. New Hampshire ($0.68)
4. Nevada ($0.73)
5. Illinois ($0.77)
6. Minnesota ($0.77)
7. Colorado ($0.79)
8. Massachusetts ($0.79)
9. California ($0.81)
10. New York ($0.81)
The parenthesis is how much they get back for every dollar they give.

5   dublin hillz   2012 Dec 6, 3:10am  

CaptainShuddup says

dublin hillz says



I'll trade our real estate prices for yours in florida.


But but but you chose to live there, so you could walk to work and yogurt enemas from your 700K loft.

What the hell u talking about, I am from the suburbs lol

6   Dan8267   2012 Dec 6, 4:41am  

CaptainShuddup says

Blue States are tax break leaches

So let's get this straight. Blue states are leaches because their citizens pay for local infrastructure with local taxes, which reduces federal taxes. However, red states aren't leaches even though they don't pay for their local infrastructure with local taxes, but rather get Federal tax money from blue state citizens to pay for local red state infrastructure.

And you're bitching that the blue state citizens aren't being double taxed on their income when they are paying not only for their own local infrastructure but also for the red state infrastructure.

Maybe the damn red state residents should actually produce more wealth. That way they could pay for their own damn local expenses instead of leaching off blues state residents. Blue state citizens have higher incomes because they produce vastly more than red state residents. Even with the federal tax deduction for local taxes, blue state residents pay more in federal taxes and receive less federal funds in return. The only thing that collecting federal taxes before local taxes will accomplish is to make the blue states get their tax revenue from federal taxes rather than local taxes. And that means a hell of a lot less money for red states.

By the way, if you eliminate those cushy government jobs in the military industry -- you know, the biggest fucking socialist program in the world -- then we could eliminate the federal income tax all together. Those socialist military jobs produce no wealth whatsoever, and in fact destroys wealth and wastes resources.

Hell, the only damn thing the red states produce is food, and that's all done by illegal Mexican immigrants. Let's just sell the red states to Mexico and be done with it. We'll get food in return, and the Mexicans can live where they want to. All the rednecks can move to Saudi Arabia, where the culture is more what they like anyway.

7   Patrick   2024 Nov 27, 9:52am  

https://www.coffeeandcovid.com/p/the-un-resistance-wednesday-november


Back in 2016, when Trump’s first term began, Democrats were coming off eight years of flourishing under the tender mercies of the Obama Administration. The Blue States were flush with federal cash, politically well plugged in, and were slavering for a fight.

But these last four years under Biden have been completely different. Blue states grew dependent on pandemic relief and federal immigration subsidies, while massively increasing their financial burdens and commitments —to non-citizens!— and simultaneously hollowing out their tax base by undermining their cities’ quality of life metrics with homeless encampments, non-prosecution and no-bail policies, and sanctuary largesse.

They can plan their resistance all they like. But the federal subsidy spigot is about to be cut off, at which point they’ll be forced to balance budgets from their own tax revenues. It could be a disaster. Blue State citizens already suffer from tax burdens much higher than competitive Red States. If they raise taxes, more citizens and companies will leave and the Doom Spiral will accelerate.

In other words, this time, Democrat states lack the resources to mount a 2016-style resistance. They need to rebuild, not go on offense. They are so dependent on federal money that, sooner or later, they’ll consider agreeing to anything.

I might be mixing metaphors, but the Democrat states are bobbing around in the same pickle jar as Ukraine. Like Ukraine, Democrat states and cities are financially dependent on the federal government. Like Ukraine, they act like they don’t yet realize how dependent they really are.

Over the last four years, we wryly noted, again and again, that Democrats were governing like they thought Republicans would never retake control of the apparatus of federal government. But now it has happened, and they aren’t ready.

There won’t be —can’t be— any meaningful Blue Resistance from the governors and mayors and their lawyers. Blue donors just urgently flushed a billion and a half dollars down the Kamala Harris toilet, so the blue activist groups will be running on fumes for a while. And, if the Trump Administration can figure out which agency is controlling the corporate media, then media’s relentless, coordinated psy-operations will be shattered into a thousand pieces.

The #Resistance is broken. Nobody’s realized it yet, but it will become obvious soon.
8   WookieMan   2024 Nov 27, 3:40pm  

Dan8267 says

Blue states are leaches because their citizens pay for local infrastructure with local taxes, which reduces federal taxes. However, red states aren't leaches even though they don't pay for their local infrastructure with local taxes, but rather get Federal tax money from blue state citizens to pay for local red state infrastructure.

I miss Dan and his stupidity. Blue states like CA, NY and IL get the most federal dollars. It's called the house of representatives. Input and output are way different than he understood/stands. It's called per capita. It's not about taxes paid. It's about what you get because you have more representatives. Senators will rubber stamp it. Government 101. They get more federal dollars per capita. Not about what you pay in, but what you get in return.

Please register to comment:

api   best comments   contact   latest images   memes   one year ago   random   suggestions   gaiste