Will you understand if they don't, Earl?
Here who's winning under Trump Tax Law
- Thread starter Earl
- Start date
Will you understand if they don't, Earl?
I have made this offer a few times and all I ever get is a flinch. Lol
Yes, Legion, I will most definitely understand if they don't.
Red States, now Blue States got to subsidize them more than they already were
Great, perhaps the blue states will lower their property taxes..NY.
Property tax isn't Federal, and it is kinda humorous when a Trumpkin who will tell you he hates socialism finds a socialist redistribution of income to Red States "great"
You mean the blue states can no longer shift the bulk of the burden of their local and state taxes onto the Treasury via 100% SALT deductions.
Eagle_Eye
Well-known member
Are you sneering at $100? My return was several hundred bucks over my past returns.
Mr.Badguy
Super lefty
Tax figures would be such an easy thing to provide to own some libs, why not redact the identifying info and post it up. Surely he has a scanner with that big tax break he -supposedly- got.
Nobody said it was, anchovies. But the SALT deduction is.
You're right in one respect. It's inadvisable to post personal anecdotes or cite them as evidence.
countryboy
Verified User
I wouldn't call it "sneering". I'm just not going to bust out the pom poms.
And now the rest of the article "earl" left out:
Winning: Most rich people
The new tax law's benefits are tilted toward the wealthy, who will generally see greater benefits than other Americans.
Really winning: Heirs of rich people
The law more than doubled the amount that can pass to family members without triggering the estate tax, from about $5 million to more than $11 million for individuals and $22 million for married couples. That affects a relatively small number of Americans, but it means they'll be able to keep more of an estate.
WinningTrump, maybe, although some other business owners won't win as much
Losing:The US Treasury
Because of all these tax cuts -- and especially the corporate cuts -- budget deficits are expected to skyrocket past $1 trillion per year starting in 2022 and stay there. With the national debt over $22 trillion, that means the US will ultimately have to make some hard choices ? So enjoy that tax cut, everyone.
Winning: Most rich people
The new tax law's benefits are tilted toward the wealthy, who will generally see greater benefits than other Americans.
Really winning: Heirs of rich people
The law more than doubled the amount that can pass to family members without triggering the estate tax, from about $5 million to more than $11 million for individuals and $22 million for married couples. That affects a relatively small number of Americans, but it means they'll be able to keep more of an estate.
WinningTrump, maybe, although some other business owners won't win as much
Losing:The US Treasury
Because of all these tax cuts -- and especially the corporate cuts -- budget deficits are expected to skyrocket past $1 trillion per year starting in 2022 and stay there. With the national debt over $22 trillion, that means the US will ultimately have to make some hard choices ? So enjoy that tax cut, everyone.
Nobody asked you to, did they?
I know it is difficult for you "copy," but try to process, Blue States subsidize Red States, they are the providers, the givers, Red States the takers, and Trump's give away to the rich only increases that relationship
https://wallethub.com/edu/states-most-least-dependent-on-the-federal-government/2700/
And you want the Blue States to pay even more to redistribute to Red States, that would make you a socialist there "copy"
I left out nothing, Snowflake.
The link has the entire article which is too long for JPP.
I love that blue states put so much into the coffers. If they are unhappy, Lower the property tax. rates in...NY.