Intermarkets' Privacy Policy
Support


Donate to Ace of Spades HQ!


Contact
Ace:
aceofspadeshq at gee mail.com
Buck:
buck.throckmorton at protonmail.com
CBD:
cbd at cutjibnewsletter.com
joe mannix:
mannix2024 at proton.me
MisHum:
petmorons at gee mail.com
J.J. Sefton:
sefton at cutjibnewsletter.com


Recent Entries
Absent Friends
Bandersnatch 2024
GnuBreed 2024
Captain Hate 2023
moon_over_vermont 2023
westminsterdogshow 2023
Ann Wilson(Empire1) 2022
Dave In Texas 2022
Jesse in D.C. 2022
OregonMuse 2022
redc1c4 2021
Tami 2021
Chavez the Hugo 2020
Ibguy 2020
Rickl 2019
Joffen 2014
AoSHQ Writers Group
A site for members of the Horde to post their stories seeking beta readers, editing help, brainstorming, and story ideas. Also to share links to potential publishing outlets, writing help sites, and videos posting tips to get published. Contact OrangeEnt for info:
maildrop62 at proton dot me
Cutting The Cord And Email Security
Moron Meet-Ups






















« CNN Jerks Itself Off for 48 Hours Chasing Pictures of Trump Golfing, and a Mysterious White Truck Known Only As "Doctor Axles" | Main | McCain Associate Subpeonaed in Russia Probe »
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.


Rather than restore these deductions, which have subsidized bad policies, especially in the blue states, the right way to redress Republican sectional chauvinism is by addressing the biggest subsidy to the worst policies of the red states--and especially their profligate spewing of greenhouse gases. Just as the blue states have used the mortgage and state-and-local deductions to offload the cost of their generous state governments, so red states have inflicted on others the climate consequences of their lifestyles.

The map of carbon-intensity by state looks like the map of state and local spending, upside down.

The top five most carbon-efficient jurisdictions are D.C., New York, California, Vermont, and Massachusetts. The five worst: Wyoming, North Dakota, West Virginia, Alaska, and Louisiana.

A carbon tax of $15 per ton would raise something over $700 billion over the next 10 years. That money would a) very neatly balance the 2017 GOP revenue raid on blue-state tax deductions, b) reduce the current carbon-dioxide emissions trajectory by about 10 perent, and c) reduce by half the GOP plan's estimated increase in the federal debt. The revenues from the tax would help to avert the impending cutbacks in Medicare and other health programs about which the GOP House leadership is now noisily contemplating.

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.

A few possible options have emerged to evade the new limit, reduce taxes on blue state residents, and reduce future pressure for state tax cuts that the federal law could create. New York Gov. Andrew Cuomo, a Democrat, and the government of DC are urging residents to prepay their 2018 property taxes in 2017, so they can still be deducted. Another route would be for states to create dollar-for-dollar tax credits for all charitable contributions made to the state government. Charitable donations are still deductible under the GOP, so reclassifying state taxes as charity would enable residents to still deduct them at the federal level.

But perhaps the most promising option, teased by a large group of tax law experts and vocally championed by prominent liberal economist Dean Baker, is for states to repeal their income taxes and replace them with employer-side payroll taxes. This might appear like a minor technical change. But it would not only totally offset the new limit on deducting state taxes -- it would amount to a sizable tax cut for many middle-class families and would vastly simplify tax preparation by freeing people up from filing their own state taxes.

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.


digg this
posted by Ace at 12:23 PM

| Access Comments




Recent Comments
Notsothoreau: "Mincemeat used to contain meat. Most recipes now ..."

CharlieBrown'sDildo: "Sorry I couldn't mix it up more...life intruder! ..."

Ben Had: "Thank you for the ever enjoyable food thread ..."

Bertram Cabot, Jr.: " [i] And, technically, spam is a food product. P ..."

Joe Kidd: "One food item that I need to try and make is beef ..."

Pete Bog: "And a crap ton of alcohol. Posted by: RedMindBlue ..."

Joe Kidd: "165 Bib and Tucker Double Char - the best moderate ..."

Appycay : "Found preparation instructions at wikihow.com that ..."

RedMindBlueState[/i][/b][/s][/u]: "[i]Moki, the English Tea Store carries a very good ..."

BeckoningChasm: "Again, many thanks for the suggestions. I had not ..."

From about That Time: "This summer I learned store brand add water only p ..."

Joe Kidd: "Regarding prime rib roasts, I've gotten pretty goo ..."

Recent Entries
Search


Polls! Polls! Polls!
Frequently Asked Questions
The (Almost) Complete Paul Anka Integrity Kick
Top Top Tens
Greatest Hitjobs

The Ace of Spades HQ Sex-for-Money Skankathon
A D&D Guide to the Democratic Candidates
Margaret Cho: Just Not Funny
More Margaret Cho Abuse
Margaret Cho: Still Not Funny
Iraqi Prisoner Claims He Was Raped... By Woman
Wonkette Announces "Morning Zoo" Format
John Kerry's "Plan" Causes Surrender of Moqtada al-Sadr's Militia
World Muslim Leaders Apologize for Nick Berg's Beheading
Michael Moore Goes on Lunchtime Manhattan Death-Spree
Milestone: Oliver Willis Posts 400th "Fake News Article" Referencing Britney Spears
Liberal Economists Rue a "New Decade of Greed"
Artificial Insouciance: Maureen Dowd's Word Processor Revolts Against Her Numbing Imbecility
Intelligence Officials Eye Blogs for Tips
They Done Found Us Out, Cletus: Intrepid Internet Detective Figures Out Our Master Plan
Shock: Josh Marshall Almost Mentions Sarin Discovery in Iraq
Leather-Clad Biker Freaks Terrorize Australian Town
When Clinton Was President, Torture Was Cool
What Wonkette Means When She Explains What Tina Brown Means
Wonkette's Stand-Up Act
Wankette HQ Gay-Rumors Du Jour
Here's What's Bugging Me: Goose and Slider
My Own Micah Wright Style Confession of Dishonesty
Outraged "Conservatives" React to the FMA
An On-Line Impression of Dennis Miller Having Sex with a Kodiak Bear
The Story the Rightwing Media Refuses to Report!
Our Lunch with David "Glengarry Glen Ross" Mamet
The House of Love: Paul Krugman
A Michael Moore Mystery (TM)
The Dowd-O-Matic!
Liberal Consistency and Other Myths
Kepler's Laws of Liberal Media Bias
John Kerry-- The Splunge! Candidate
"Divisive" Politics & "Attacks on Patriotism" (very long)
The Donkey ("The Raven" parody)
Powered by
Movable Type 2.64