NY Democrats Demand State and Local Tax Breaks for Billionaires be Reinstated! (You KNEW this was coming...)
(www.bloomberg.com)
🛑 Corrupt Commies 🛑
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these are federal tax deductions
IOW what you pay in states taxes would be deducted from your federal taxes
but only of you are a billionaire in a blue state
That’s what I’m saying if your state/local tax burden is >10k you are not necessarily a billionaire. That’s how much property taxes cost alone for most houses that are not in the boonies. It’s ridiculous but I agree to keep the salt deductions capped, because they are subsidizing the high cost of ny by reducing federal tax revenue from there. Without it ny would have to lower taxes or become definct. Problem is i hate the state and federal governemnt and dont think either of them should get any taxes
without SALT, you are paying taxes on your taxes. so, no matter what the argument, it needs to be re-instituted
i don't think there should be a cap on it
My issue is NY being to go to the Federal government and decide which states get the tax break and which don't
And fuck NY. If they would stop wasting some of the money and stealing the rest, they would not be going down the toilet
I am against income taxes. We should go totally value based- basically sales taxes
that bases taxes on what you are able to spend
and it would encourage savings
It only is iseful if your state and local taxes (income plus property) are above the stabdard decution right? Unless you already itemize