Democrats TAX CUTS FOR THE RICH!

[Superfreak]

https://www.politico.com/story/2018/...tax-law-634991

So apparently it is ok when Democrats give tax cuts that go exclusively to the wealthy?

[Superfreak]

Shocking that the liberals are running from this.

[PostmodernProphet]

so because of Trump even tax payers in blue states will pay less......gg, Trump.......

[Althea]

I love it. I'm about to pay almost $3k in sales tax on a new vehicle, and can't wait to take the deduction.

[dukkha]

New York, Connecticut and New Jersey have adopted proposals to allow taxpayers, to varying degrees, to evade the SALT cap by recharacterizing their state and local tax payments as charitable contributions. Similar proposals are pending in other blue states, such as California and Illinois.

The IRS warned last month that it may not allow the maneuvers, and many experts predict the issue will end up in court.

pure fraud. endorsed by the state -but fraud nonetheless

[Superfreak]

pure fraud. endorsed by the state -but fraud nonetheless

Not fraud, the state can enact whatever tax laws they wish at the state level. The point is that they are deliberately trying to provide a massive tax break for the rich. The thing they pretend they are so adamantly against.

[dukkha]

Not fraud, the state can enact whatever tax laws they wish at the state level. The point is that they are deliberately trying to provide a massive tax break for the rich. The thing they pretend they are so adamantly against.

so a sales tax is now a charitable contribution?
Yes states can write tax code any way they want, but I would think the IRS would object to this Ponzi scheme

[Superfreak]

so a sales tax is now a charitable contribution?
Yes states can write tax code any way they want, but I would think the IRS would object to this Ponzi scheme

Again, the Feds don't write state code. This in no way effects the IRS.

[dukkha]

Again, the Feds don't write state code. This in no way effects the IRS.

the IRS can't dispute and disallow?

[Superfreak]

the IRS can't dispute and disallow?

Of course not. It does not effect them at all. It hurts the state budget. It doesn't alter the Federal receipts. Every single Rep should highlight the fact that the Dems are cutting taxes on the wealthy... in order to offset the increase the Reps put on the wealthy.

[PostmodernProphet]

the IRS can't dispute and disallow?

logically not......it only effects NY tax revenue......

[dukkha]

Of course not. It does not effect them at all. It hurts the state budget. It doesn't alter the Federal receipts. Every single Rep should highlight the fact that the Dems are cutting taxes on the wealthy... in order to offset the increase the Reps put on the wealthy.

i'm not following..
these charitable deductions are federal deductions -yes?

I'll have to go back and look at this when I feel like shifting thru tax law -like never.

I'm in Florida, it's all kind of meaningless down here

[Cancel 2018.2]

I love it. I'm about to pay almost $3k in sales tax on a new vehicle, and can't wait to take the deduction.

I thought you liberals believe paying
More taxes are good.

[Phantasmal]

I thought you liberals believe paying
More taxes are good.

Do you mean all liberals or some liberals or just Althea, we better clarify

[Cancel 2018.2]

Do you mean all liberals or some liberals or just Althea, we better clarify

You don't know?