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State and Local Taxes.
Republicans conspired about how best to hurt people in NY, NJ, IL, CA, and states that are able to deduct state and local taxes when filing their tax returns. This will teach those "godless liberals" in those blue states!
This will hurt not only the wealthy homeowners in these states but many middle-class homeowners. California is considering making these taxes a "charitable" deduction so that they can still be deducted. This feature in the Republican tax scam has created a real mess for these states.
They called it "tax reform". It was more of a "Screw you!" tax plan if you lived in these high tax states and you can no longer deduct your SALT on your tax filings.
Democrats should promise real "tax reform". We need to be much more progressive. The wealthy need to pay a much higher rate. Loopholes need to be closed. We need a much fairer system.
Iliyah
(25,111 posts)capable of insuring and protecting their states from obvious assaults from a corrupt federal government run by self-centered greedy and anti-selfless party before country members of the particular party called the GOPs. The backfire of what GOPers are going to turn purple states to blue. Red states to purple.
These so called "Christians" worships the 7 deadly sins to perfection.
Johonny
(20,918 posts)Forget progressive income tax or estate tax, those on the left want the lost taxes back that built the piles of money these greedy bastards sit on. They don't want some of it back when they die. They want it back as a percentage that they're sitting on every year. No ones really run on the idea before because it's considered a third rail subject. But, oh, this amount of greed has people on the left pissed off like I've never seen. Look for in the most progressive districts ideas like the wealth tax to pop up. The right opened the door for things like taxing stock transactions, wealth, etc...
They wanted class warfare and they're going to get it.