For as long as I can remember as a 69 year old (high tax State) Californian I have questioned the fairness of the State Tax deduction from the Federal's income tax. My leanings have always been they were not fair although I am a Sanders Democrat and Reagan Republican. (That's just Moi, not a thread topic) The fairness issue. California, a high tax state provides lots of regulations and infrastructure and thereby absorbs much of the costs of catastrophes as they occur. Texas, a low regulation & tax state seems to get more Federal relief funds for poor planning and lower taxation. Check out the diff between Texas and California and wonder what is Florida's excuse? Jeb Bush Is the State Tax deduction from the Federal's Tax fair? Moi r > g Stop Creeping ism Across an immense, unguarded, ethereal border, Canadians, cool and unsympathetic, regard our America with envious eyes and slowly and surely draw their plans against us.
No. Why should taxpayers in states with low or not taxes be required to subsidize high tax states as that is what it equates to?
Look where N.Y. is on the image above. Who is subsidizing who? I do believe N.Y. is a high tax State and gets among the least for their tax dollar paid to the Federals.
More on the image above https://www.theatlantic.com/busines...tates-are-givers-and-which-are-takers/361668/ If you look only at the first measure—how much the federal government spends per person in each state compared with the amount its citizens pay in federal income taxes—other states stand out, particularly South Carolina: The Palmetto State receives $7.87 back from Washington for every $1 its citizens pay in federal tax. This bar chart, made from WalletHub's data, reveals the sharp discrepancies among states on that measure.
I dont like deductions it should just be a % of what you make and that is that. Frankly I would prefer the companies just pay it to the fed and leave the citizen out of it.
Exactly, Some states donate to the feds and others feed off of it. Why punish states that have state tax to balance budgets? Look at what New Jersey pays in to the feds and how little they take as opposed to Indiana who relies on other states revenues.
Check this out to see if your state is a donor or a feeder. https://wallethub.com/edu/states-most-least-dependent-on-the-federal-government/2700/ What if, for example, a particular state can afford not to tax its residents at high rates because it receives disproportionately more funding from the federal government than states with apparently oppressive tax codes? That would change the narrative significantly, revealing federal dependence where bold, efficient stewardship was once thought to preside.
People talk a lot of **** about my state (KS) but it looks like we benefit the country more then we take away from it.
Kansa is in the top ten states for contributing as opposed to feeding. No one should be complaining about Kansas. It has been a few years since I visited Kansas, but I really liked it.
I have been informed on these boards that Conservative fiscal policies have ruined my States economy and that we are all poor with no businesses any longer.
This thread makes no sense. First, California always asks for Federal assistance during catastrophes. http://www.mercurynews.com/2017/02/...ks-potential-nemesis-president-trump-for-aid/ http://www.latimes.com/local/lanow/la-me-ln-fema-california-funds-storms-20170215-story.html https://www.cbsnews.com/news/oroville-dam-repairs-federal-funds/ http://www.krcrtv.com/north-coast-n...ifornia-residents-impacted-by-fires/638882494 Second, the pay in/pay out meme was crushed years ago. Income levels, federal facilities, infrastructure, etc., all play a big role in who "gets the most" and the "least" from the Federal government. Finally, what does writing off state income taxes on a federal return have to do with fair? Do people want to pay taxes on money used to pay taxes?
California really doesn't get the assistance it should. No Federal Water during the drought forcing the clear cutting of productive orchards. If people don't want to pay taxes on money used to pay taxes, work to reduce their State Tax load. Much of that complaint comes from the entertainment industry such as Bill Maher. All so "socialist programs" until they pay their fair share.
California gets massive assistance. Nobody pushing the "give/take" meme ever wants to post more relative data. States like California proved skewed results because of the very high incomes that many people earn. As to water, it's the Progressives running California who created the water crisis. Look up how many reservoirs had been removed or drained.
I think this might have to do as much if not more https://www.indexmundi.com/facts/un.../all-states/black-population-percentage#chart
These lib-infested, high-tax states are run by Democrats, who always love to jack-up taxes because they know that they'll get to deduct them from what they fairly owe the Federal Government. Just one big rolling series of tax increases after another the state and local level, because Democrats love their 'social programs' and big government spending. But my gripe is much more fundamental than that. IMHO, all tax loopholes, tax shelters, tax deductions, tax exemptions, tax "write-off's" and "carried-interest" should be completely done away with! It's all that kind of crap that enable the wealthy to pay little or nothing in taxes, no matter what tax "bracket" they're supposedly in, and it's been this way for many years....
