We’ve all heard the braggadocious complaints from blue
state progressives about being net contributors to the federal coffers. These so-called elites resent all those
ingrates in flyover country who take more from Washington D.C. then they give. Well, we’re finding out this is just another
big lie perpetuated by a band of thumb suckers.
We can thank the Trump administration for exposing this liberal myth. Here is an excerpt from USA Today:
Trump’s new tax plan would hit blue
states hardest, by eliminating the federal deductibility of state income and
property taxes. That’s going to make it harder for blue states to maintain
the high tax rates they’ve traditionally levied.
Right
now, if you pay state property or income taxes, you can deduct them against
your federal income taxes. In effect, it means that if you’re in a
high federal bracket, your state taxes may be offset by that federal deduction
to the tune of 40% or more.
End the
federal deduction, though, and high state taxes come straight out of taxpayers’
pockets with no offset. As economist Nicole Kaeding told The Hill, by allowing deductions for
state taxes, “the federal government is essentially subsidizing high tax rates
in states like California and New York.”
Whoa! Did I
read that correctly? If I’m not mistaken,
Americans are subsidizing states like California and New York to a tune of
about 40% or more. I believe it’s time
for these self-proclaimed elites to get off of their high horses and forgo all
of those “loopholes” they level at everyone else. What’s that saying, “Paying taxes is the
highest form of patriotism”? Time to pay up, libtards.
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