CA seeks to avoid tax hike... In this week's edition of Liberal Hypocrisy

originally posted by: Krazysh0t
a reply to: ketsuko

They DESERVE to not be targeted just because they are Democrat led states!

They DESERVE to experience the full measure of the tax burdens of their areas not write them off because of a loophole. Isn't that a common complaint about businesses? They get out of taxes through loopholes and deductions? Why should these taxpayers in these areas get out of feeling the costs of their area's policies because of loopholes and deductions?

originally posted by: burdman30ott6
a reply to: Krazysh0t

We just did compromise on taxes. The original intent was no SALT deduction, that was compromised to a $10,000 cap... why are you grousing?

Maybe you don't understand lib-talk...

By 'compromise' they mean 'do as we say'

a reply to: Krazysh0t

If lowering deductions for things like property as this bill does is partisan, then wasnt allowing those deductions for mainly blue states also partisan?

So in other words, how dare the republicans eliminate the deductions democrats wanted for their wealthy Democrat friends.

They pay more because of higher property value...If you can't afford to live in the rich neighborhood and pay the taxes on that mansion.....MOVE!!

Sheesh is that to hard to understand??





There is a point here. In 1994, I bought a 1292 sqft. home in Cotati, Ca. in Sonoma County, "The Wine Country" and paid $168,999. I was then Medically Retired in 2004 and sold that McMansion for $445/k the very first day We listed it. Prior to being retired I was averaging $100k/yr. and My lovely Wife was working as a mailman. Along the way 2 different doctors told Me that I had 18-22 months to live, this was the latter part of 2003. Thinking I was going to waste away, We moved to Flori-Duh and paid $200k for a country club house which would've cost $900k+ in Ca. Back then I was still playing Golf and lived right off the 17th fairway.

You ought to see the prices in San Francisco. The local people that made those neighborhoods something to be proud of were forced out by the higher prices..


This goes along with My prior point. The real 'Richies' can afford the raise of 'outgo' because they can finagle the 'income' the folks on the periphery are doing what they can to hang in there..


I still think things would be way better off if'n TheJones never moved in with ALL their cool gear.

a reply to: Edumakated

Aren't more taxes on the Rich a good thing in liberal dogma?

They Sound like Trump, using existing laws and loopholes to their advantage.

Though, in this case, they are changing laws as well.

Priceless

what they need to do is cut the pensions and benefits packages of all government employees across the board.

Get a real job like the rest of us.

originally posted by: Krazysh0t
a reply to: Edumakated

The problem with eliminating the SALT deduction isn't because it targets affluent people. It's because it is clearly hyper-partisan in nature since it mostly targets deep blue states. In other words the tax bill just legalized partisan attacks on the minority party; something that the Constitution was setup to avoid. Our founding fathers would be ashamed at the shenanigans our Congressmen just pulled with this tax bill.

But hey, liberals are miserable. That's all that matters right?

I believe our Founding Fathers wouldn’t know where to start in regards to Cali and it’s shenanigans.

originally posted by: Krazysh0t
a reply to: burdman30ott6

Talk about the mother of all assumptions. Just because you are affluent doesn't mean you have access to high mobility. Furthermore, all the jobs are in blue states. Startups aren't exactly kicking down the door to Wisconsin because it has a low tax rate.

I’m assuming you threw Wisconsin out as a simple example, without understanding what is actually happening here.
Wisconsin in general, but especially S.E. WI, is thumping.
Illinois residents are flocking here because they simply can’t afford taxes on that side of border.
Housing prices are skyrocketing.
Businesses are expanding and/or relocating here.
It is a very good time to be living in most parts of WI.

Maybe someone can clarify for my ignorant self.

Tax the damn rich! Stop the loopholes!. The Rich need to pay their fair share!

Fair enough. My problem is this. I fail to see how taking money from one person makes be personally better off. After a very long time on earth, hearing this battle cry for decades, I have never seen a "rich person's tax" check arrive in my poor person's mailbox. Why?

Why, oh why, have I never seen my standard of life improve by redistributing the wealth THROUGH the government? Why on earth, seriously, why on earth would the government take something from X and given to anyone else but itself?

If I as a rich person were taxed more, I'd just charge more for my services, or add "hidden fees" as I'd NEVER NEVER EVER make less then I was if it was possible. So I fail to see how more taxes actually results in lower cost of living anywhere but in a classroom.

So, without saying "better schools, improved roads, police services" (which are ALL payed for out of pocket both through taxes on me AND at the site should I use the services) tell me how taking from one will end up in my pocket. Show one example where my balance sheet has been improved by taxing apple more, or taxing my neighbor less. No keynsian economics, no theory, no I learned in school, show me one time where my car repair was paid for by taxing another, or reducing the tax on another using the government as a go between... just one.......

The problem with everyone who is "effected" by the endless tax this or tax that is they are so ignorant they have no idea what money even is. They have no idea how to read a balance sheet. They have no idea about how anything works at all, and their main tool to fight back is to demand more taxes on someone they never met. It is this battle cry they hope will one day, just one day, be used on them to take away their money too when they too wish to hand money to people they do not know - I love the poor guy who demands the rich pay and gets pissed when he's asked to do the same proportionally.

originally posted by: Oaktree

originally posted by: Krazysh0t
a reply to: Edumakated

The problem with eliminating the SALT deduction isn't because it targets affluent people. It's because it is clearly hyper-partisan in nature since it mostly targets deep blue states. In other words the tax bill just legalized partisan attacks on the minority party; something that the Constitution was setup to avoid. Our founding fathers would be ashamed at the shenanigans our Congressmen just pulled with this tax bill.

But hey, liberals are miserable. That's all that matters right?

I believe our Founding Fathers wouldn’t know where to start in regards to Cali and it’s shenanigans.

they would declare it in sedition and go in and remove their leadership by force.

originally posted by: Plotus
They need a $2.00 tax per gallon hike, 20% property tax increase, retroactive to 2000, and OPEN borders. And be surrounded at the border of Nevada, Oregon and Arizona with National Guard. Let them go.... let them have their Liberal Utopia, free of the United States. TODAY.....


Oh yea, better get going on those de-salinization plants asap.

And repeal Proposition 13, which grandfathers in residents who first bought their homes 40 years ago with the property taxes they pay now as they paid back then. End the low-density housing neighborhoods, so they can enjoy the pleasures of high-rise living like Singapore, Hong Kong, Vancouver and China. That will solve the housing problem. Then they'll have to work on public transportation to handle the magnitude increase of commuters.

originally posted by: Krazysh0t
a reply to: Edumakated

The problem with eliminating the SALT deduction isn't because it targets affluent people. It's because it is clearly hyper-partisan in nature since it mostly targets deep blue states. In other words the tax bill just legalized partisan attacks on the minority party; something that the Constitution was setup to avoid. Our founding fathers would be ashamed at the shenanigans our Congressmen just pulled with this tax bill.

But hey, liberals are miserable. That's all that matters right?

I give you credit for at least having the cojones to show up to the thread. Most of your other progressive brethren are conspicuously silent.

How is it hyper partisan? It applies equally to everyone no matter where you live. What it does is expose high tax blue states as just that... high tax states.

I just find it hilarious that Democrat state legislators are defending using loopholes to help lower the tax burden on the rich.

Liberals are for high taxes as long as someone else is paying them. Unfortunately, far too many urban liberals don't realize that they too are part of the evil 1% too. Driving a Prius with a resist bumper sticker does not negate this fact.

a reply to: Krazysh0t
I feel like I understand where you are coming from, but at the same time the argument to most of us just seems hypocritical. There are many of Californians who do not come close to even paying $10,000 in SALT taxes, let alone will ever have to pay above that.

At the same time, lots of rich people live in EVERY state. And if one is wealthy, it should not be a matter that they can no longer deduct above $10k, because they can quite easily afford it.

Do we have numbers as to how many actual people are affected by this change, and what their income levels are?

originally posted by: worldstarcountry
a reply to: Krazysh0t
I feel like I understand where you are coming from, but at the same time the argument to most of us just seems hypocritical. There are many of Californians who do not come close to even paying $10,000 in SALT taxes, let alone will ever have to pay above that.

At the same time, lots of rich people live in EVERY state. And if one is wealthy, it should not be a matter that they can no longer deduct above $10k, because they can quite easily afford it.

Do we have numbers as to how many actual people are affected by this change, and what their income levels are?

Here is an interactive map showing about 34% of CA tax filers itemize instead of taking the standard deduction. Remember, the standard deduction was also doubled to $24,000, so a large percentage of those who used to itemize will now take the standard deduction. There is a fairly narrow band of higher income upper middle class who will be affected.

Distribution of Deductions, Interactive Map

So when Trump boasted about using loopholes in the federal tax law to avoid paying taxes on his income, he was being some kind of “genius”.

But when taxpayers who maybe aren’t quite as wealthy consider using similar loopholes in the tax law to do the same thing, they are “hypocrites”?

Pot, meet kettle.

Furthermore, California would not be the first state to adopt such a “donation” program.

And, since California contributes far more to the national budget, while receiving just a fraction of those funds in return, it is highly disingenuous, not to mention, hypocritical, to castigate the state for looking out for its citizens, first.

After all, isn’t “Us First!” the battle cry of the current administration?

Dear Leaders of States complaining,

How about you lower you F$%$% & taxes you jack-offs? Yeah, lower them. Why not? It is the Federal Governments fault that on top of their taxes you add your own.

This is the perfect definition of out of touch with the real world. Yeah, instead of doing what we are supposed to lets find a way around it because we do not like it but STILL take those taxes we are complaining people cannot take.

F off Cali and NY.....

a reply to: Bhadhidar
well, you certainly serve a good dish of crow with that response. I am at a loss for words. Touche.

So if Cali has to pay this new tax, will it make the mansion values in the hills go up or down? That’s all that matters btw, the govt loves how expensive this coast is.. the fed will make the tax laws and interest rates bend to make the value rise or fall. Once Cali pays their taxes I’m gonna be all over Zillow and seeing the price changes in LA. True geek over here.. then I’m gonna open tinder and overlay that over Zillow and go golddigging. That would make a great app.

a reply to: Edumakated

Why we in So Cal and the taxpayers in Nor Cal are against this socialist plan the Democrats have been shoving down our throats,we had Brown and Obama screwing things up,selling out to big Corp,Calif is owned by 3 of biggest corporations,bought off the Democrats,you know how easy a liberal sells out

a reply to: Metallicus

no they call for inheritance tax because they think your money should go back to the people but they set up fake charities and foundations to hide their monies and to dodge inheritance tax they begged for .