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December 29, 2017
Checkin' In With the #SalonHot25: David Frum Has a Great Idea of How Liberal States Can Avoid the "Unfair" New Rules on Deducting State and Local Taxes: A National Carbon Tax!!!True Conservatism and Enduring Principles you can rely on:
Here's some of this crook-backed Renfield's simperings: Those extra funds, squeezed disproportionately from states like California, Maryland, New Jersey, and New York, just suffice to offset the revenue loss from the GOP's tax cuts to corporations and pass-through businesses. Hang on, buddy. Those states impose those taxes themselves, and citizens of those states routinely elect politicians who say we should tax people at higher rates. Why shouldn't they actually have to live by their own decisions, instead of being subsidized by the rest of the country (by allowing them to deduct their high state taxes from their federal tax payments), and thus held harmless from their own political prescriptions? He goes on to say that the move should not be undone, because this true blue conservative just generally likes higher taxes. And he's not quite done yet.
It's very odd that the "conservatives" claiming to be most filled with Sacred Honor are simultaneously the most liberal, isn't it? Meanwhile, Vox is also trying to cook up schemes to help wealthy liberal taxpayers avoid paying the higher taxes they all claim they want to pay:
Under current law, taxpayers not claiming the standard deduction can deduct both their state and local property taxes, and either their state and local income taxes or their state and local sales taxes, whichever is higher. The Republican bill added a new $10,000 maximum for all state and local tax deductions, effectively raising taxes on wealthy people in those states and reducing a key federal subsidy that makes it easier for states to charge high taxes on rich residents. So the idea is to make the employer pay taxes, not the employee. This is thus not income to the employee, and so escapes the tax. Note that this burdens job creation. Also note that since people can still in fact deduct state and local taxes -- up to $10,000 -- Vox is now championing various dodges so that high income people can specifically avoid "paying their fair share." Strange, isn't it? It's almost like it's all just a culture war, and that progressives believe in exactly none of the things they claim to believe. You want to pay higher taxes, babies? Well here's your big chance. | Recent Comments
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