• This is a political forum that is non-biased/non-partisan and treats every person's position on topics equally. This debate forum is not aligned to any political party. In today's politics, many ideas are split between and even within all the political parties. Often we find ourselves agreeing on one platform but some topics break our mold. We are here to discuss them in a civil political debate. If this is your first visit to our political forums, be sure to check out the RULES. Registering for debate politics is necessary before posting. Register today to participate - it's free!

Your feelings on S.A.L.T.?

I

Integrityrespec

DP Veteran
Joined
Sep 28, 2018
Messages
34,580
Reaction score
16,550
Gender
Male
Political Leaning
Undisclosed
Yes, No? Either way why do you feel that way? (State and Local Tax). Tying up the OBBB.
 
"Your feelings on S.A.L.T.?"
I don't see why the entire nation's tax payers have to support any state and local government's which can't manage their finances, can't manage to live within their means.

If voters in those locales with high state and local taxes have an issue with the expense of those state and local taxes they need to take this issue up with those state and local governments, not the nation's tax payers at large.
 
eohrnberger said:
"Your feelings on S.A.L.T.?"
I don't see why the entire nation's tax payers have to support any state and local government's which can't manage their finances, can't manage to live within their means.
Click to expand...
You might want to look up which states take MORE in federal assistance than they contribute in taxes raised. Seriously, look it up.
 
eohrnberger said:
"Your feelings on S.A.L.T.?"
I don't see why the entire nation's tax payers have to support any state and local government's which can't manager their finances, can't manage to live within their means.

If voters in those locales with high state and local taxes have an issue with the expense of those state and local taxes they need to take this issue up with those state and local governments, not the nation's tax payers at large.
Click to expand...
I don't see why my Federal tax dollars should go to Alabama. If I didn't have support poor, primarily red, states my state could lower my taxes.
 
Fletch said:
Why would that lower your state taxes?
Click to expand...
Because if my federal tax dollars came back to my state in porportion to what I pay my state would not have to pay for services that federal money would pay for.

It's not as much a comment on SALT as it is a refutation of the idea that states like NY mismanage money. Maybe we do to an extent but we shovel lots of money to poorer states who can then claim they are fiscally responsible while lowering taxes at my expense.
 
The S A L T deduction cap hurts those in higher tax states that still contribute more to the federal government than they receive in benefits. This deduction levels the playing field somewhat but not enough to offset the disparity with those states receiving more from the feds than they contribute. I notice those that oppose the SALT deductions have no issue with the redistribution of wealth to the lesser tax and mostly red states. Very interesting indeed.
 
The SALT deduction is the longest standing federal income tax deduction.

Trump put a cap in place during 1.0 as a slap in the face to blue states.

Now, he needs Congressional support from blue states to get his budget passed.

Irony.

😂
 
Gaius46 said:
Because if my federal tax dollars came back to my state in porportion to what I pay my state would not have to pay for services that federal money would pay for.
Click to expand...
What federal services do you not want to pay for? SS? Medicare? Medicaid?
Gaius46 said:
It's not as much a comment on SALT as it is a refutation of the idea that states like NY mismanage money. Maybe we do to an extent but we shovel lots of money to poorer states who can then claim they are fiscally responsible while lowering taxes at my expense.
Click to expand...
New Yorkers pay the same rate of federal taxes as people in Mississippi, so im not sure what the problem is here
 
The SALT tax penalty that some are trying to reverse expires at the end of the year anyway. If they stall the bill they will get way more than this bill gives them.
 
eohrnberger said:
"Your feelings on S.A.L.T.?"
I don't see why the entire nation's tax payers have to support any state and local government's which can't manage their finances, can't manage to live within their means.

If voters in those locales with high state and local taxes have an issue with the expense of those state and local taxes they need to take this issue up with those state and local governments, not the nation's tax payers at large.
Click to expand...
Let me guess, you got a tax break with the increased standard deduction.

As other posters have pointed out, check to see how some states are carrying you.
 
BirdinHand said:
The SALT deduction is the longest standing federal income tax deduction.

Trump put a cap in place during 1.0 as a slap in the face to blue states.

Now, he needs Congressional support from blue states to get his budget passed.

Irony.

😂
Click to expand...
A $10,000 cap seems reasonable particularly since raising that only benefits the rich. So im not sure why the left supports raising it.
 
Fletch said:
A $10,000 cap seems reasonable particularly since raising that only benefits the rich. So im not sure why the left supports raising it.
Click to expand...
Trump was the one that promised to do away with it 🤷‍♀️

Take it up with him. It was his campaign promise.

And considering this Administration is determined to wage a war against blue states - happy to see fewer dollars flowing from blue states to the federal budget that is being weaponized against them 🤷‍♀️
 
Callen said:
The SALT tax penalty that some are trying to reverse expires at the end of the year anyway. If they stall the bill they will get way more than this bill gives them.
Click to expand...
In other words, democrats are supporting the idea of a tax cut for the rich.
 
BirdinHand said:
Trump was the one that promised to do away with it 🤷‍♀️

Take it up with him. It was his campaign promise.

And considering this Administration is determined to wage a war against blue states - happy to see fewer dollars flowing from blue states to the federal budget that is being weaponized against them 🤷‍♀️
Click to expand...
Im not seeing that link here. All im getting from you is an obsession with all things Trump. What do you think the SALT tax should be capped at or should it not be capped at all?
 
JMR said:
Let me guess, you got a tax break with the increased standard deduction.
Click to expand...
Immaterial, as this is not considered in formulating my opinion.

JMR said:
As other posters have pointed out, check to see how some states are carrying you.
Click to expand...
Assuming facts not in evidence, there is no one 'carrying' me.
 
Fletch said:
What federal services do you not want to pay for? SS? Medicare? Medicaid?

New Yorkers pay the same rate of federal taxes as people in Mississippi, so im not sure what the problem is here
Click to expand...
We all pay the same rate of Federal taxes though given the higher average salaries in NY NY'ers pay much more in terms of dollars than Mississippians.

But that isn't my point. Every state pays federal taxes and gets back money from the federal government in the form of services. That could be government contracts to local companies, military bases, aid to poor people, whatever.

States like CA, NY, NJ, MA pay more in tax dollars to the Feds than comes back in services. I think for NY the number is something like for every dollar we get back 80 cents in services. States like Mississippi get more than a dollar worth of services back from the federal government for every dollar they pay in taxes. That means they can afford to have lower tax rates because they get more from the feds than they give. And that extra money that Mississippi gets comes from CA, NY, NJ etc.
 
As I said it expires in January anyhow so they should just hold the entire bill hostage until then. The way Trump is screwing over Blue States make it all about making the tax cuts permanent or SALT.
 
Fletch said:
Im not seeing that link here. All im getting from you is an obsession with all things Trump. What do you think the SALT tax should be capped at or should it not be capped at all?
Click to expand...
Well, considering Trump put the SALT cap in place and Trump was the one who promised to lift it - and Trump is the one driving federal policies targeting blue states…mentioning him is relevant.

I’m very happy to go back to no cap - more tax write offs for me 🤷‍♀️
 
I oppose all itemized FIT deductions, since they result in larger federal subsidies for those with higher annual incomes. A $10K itemized deduction gets someone with (enough) income in the 25% bracket a $2.5K federal subsidy, while it gets someone with (enough) income in the 35% bracket a (40%) larger $3.5K federal subsidy.
 
Fletch said:
A $10,000 cap seems reasonable particularly since raising that only benefits the rich. So im not sure why the left supports raising it.
Click to expand...
The rich? Seriously?
 
You must log in or register to reply here.
Back
Top Bottom