Andrew Cuomo upset about losing SALT deductions

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fskimospy

Elite Member
Mar 10, 2006
85,634
50,860
136
Not sure I understand your question?

See my above post - Federal government should not be in the business of subsidizing state and local taxes.

The populations of red states are disproportionately reliant on federal funding from blue states to support them because they are not economically competitive. If you think red states should not subsidize blue states' taxes then why should blue states subsidize red states' inability to be competitive?
 

glenn1

Lifer
Sep 6, 2000
25,383
1,013
126
Please. There are states & regions whose govts & businesses would barely function if at all w/o ways to put money back into them from wealthier areas. OTOH, wealthier states would be even wealthier driving depopulation of small town/ rural America even harder.

Even if we accepted your premise at face value for discussion purposes, how does SALT address any of those concerns? Indeed please provide any way in which it doesn't work in complete opposition to the concerns you cite since it reduces the money coming into the federal treasury from wealthier folks to give over to "small town / rural America."

I dont believe it was unlimited before.

It was unlimited before although at some point Alternative Minimum Tax might come into play (but that's a separate issue).
 

Jhhnn

IN MEMORIAM
Nov 11, 1999
62,365
14,681
136
So I guess we can safely put you down in the "SUPPORT' returning the SALT deduction to its previously uncapped limit even in a hypothetical where you got your preferred tax rate of 70%.

Your hypothetical is merely an avenue to escape the reality of what's happening. Might as well offer that you believe I'd support returning the SALT deduction if Bigfoot came out of the woods & gave a press conference.
 

glenn1

Lifer
Sep 6, 2000
25,383
1,013
126
Your hypothetical is merely an avenue to escape the reality of what's happening. Might as well offer that you believe I'd support returning the SALT deduction if Bigfoot came out of the woods & gave a press conference.

Fine with that hypothetical also, would you support unlimited SALT if Bigfoot came out of the woods? Again don't be a coward and simply answer a simple question.
 

JSt0rm

Lifer
Sep 5, 2000
27,399
3,947
126
Even if we accepted your premise at face value for discussion purposes, how does SALT address any of those concerns? Indeed please provide any way in which it doesn't work in complete opposition to the concerns you cite since it reduces the money coming into the federal treasury from wealthier folks to give over to "small town / rural America."

What happened here is we had a government that governed to their base as opposed to good governance for the country. They wanted to score a point against high tax states to teach them a lesson. All the high tax liberals complaining about being taxed more was high fives and big lols for the chuds. Lets not pretend this was done for any other reason.
 
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JSt0rm

Lifer
Sep 5, 2000
27,399
3,947
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whats the chuds forgot or never knew was how many red counties there were in blue states. And they got their asses handed to them for it. Thats why you shouldnt govern to your base.
 

glenn1

Lifer
Sep 6, 2000
25,383
1,013
126
What happened here is we had a government that governed to their base as opposed to good governance for the country. They wanted to score a point against high tax states to teach them a lesson. All the high tax liberals complaining about being taxed more was high fives and big lols for the chuds. Lets not pretend this was done for any other reason.

You're joining @Jhhnn in the coward club who wants to offer red herrings instead of answering a straightforward question. Either SALT is good on its merits as standalone policy or its not; you can consider it as a singular tax policy question without needing to conflate it with the entirety of tax policy or who benefits or "big lols". You simply refuse to answer because you intuitively know it's bad policy and makes no logical sense in addition to working directly against your stated political goals.
 

JSt0rm

Lifer
Sep 5, 2000
27,399
3,947
126
Salt is good. I shouldnt be taxed on money I didnt earn. The reaosn it was removed was as I said. It clearly wasnt to get any tax money as the gop doesnt care about deficits.
 
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JSt0rm

Lifer
Sep 5, 2000
27,399
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and you arent done losing seats fyi. Changing the tax laws so people coudlnt write off wild fire damages but could write off hurricanes? LMAO. Those are red areas in fire country and they are pissed. Again. Governing to your base will never win.
 

glenn1

Lifer
Sep 6, 2000
25,383
1,013
126
Salt is good. I shouldnt be taxed on money I didnt earn. The reaosn it was removed was as I said. It clearly wasnt to get any tax money as the gop doesnt care about deficits.

On what planet is the money you pay in taxes which come from out of the money you earned somehow "money you didn't earn"? If you make $1mm and have tax rates of 30% federal and 10% federal you should pay $300k to Uncle Sam and $100k to your state. This isn't rocket science and the idea that "I didn't earn the $100k I paid to my state" is complete rubbish and Orwellian level doublethink.
 

JSt0rm

Lifer
Sep 5, 2000
27,399
3,947
126
glenn you are just a fygm asshole who is gloating in the fact that liberals are getting taxed twice on the same money. You are a chud and your way is done.
 
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JSt0rm

Lifer
Sep 5, 2000
27,399
3,947
126
On what planet is the money you pay in taxes which come from out of the money you earned somehow "money you didn't earn"? If you make $1mm and have tax rates of 30% federal and 10% federal you should pay $300k to Uncle Sam and $100k to your state. This isn't rocket science and the idea that "I didn't earn the $100k I paid to my state" is complete rubbish and Orwellian level doublethink.

The 100k should be a write off. Businesses can write it off still. Why is that?
 

zinfamous

No Lifer
Jul 12, 2006
111,136
30,085
146

glenn1

Lifer
Sep 6, 2000
25,383
1,013
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The 100k should be a write off. Businesses can write it off still. Why is that?

Aha we're making progress. You've abandoned the "I didn't earn the money" in favor of what you think is more defensible terrain of "it should be a write-off." Before long we'll be able to move onto bigger intellectual concepts.
 

JSt0rm

Lifer
Sep 5, 2000
27,399
3,947
126
Raised taxes on everyone but cut it for the ultra wealthy and dumb ass glen is saying you shouldnt take so much deductions and thats why you got more in your check every week. Dumb af.
 

JSt0rm

Lifer
Sep 5, 2000
27,399
3,947
126
Aha we're making progress. You've abandoned the "I didn't earn the money" and favor of what you think is more defensible terrain of "it should be a write-off." Before long we'll be able to move onto bigger intellectual concepts.

I didnt abandon it you dumb fuck. Do I need to list my position in every post so you can keep it clear? Get smart.
 
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zinfamous

No Lifer
Jul 12, 2006
111,136
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Not that it probably would matter to many of the Twitter folks, but isn't this "reduction in refunds" the byproduct of changing the withholding tables after the tax law went into effect? IIRC the premise was "put more money into people's paychecks now". Many folks look at their "tax refund/payment due" box and nothing else including the much more relevant number of what the total 2018 taxes payable value and comparing it against 2017 total taxes payable.

That being said, again I don't know if this is relevant to a discussion about SALT no matter whether their taxes went up, down, or stayed the same. One can examine the relative merits of a SALT provision both completely independently (a standalone provision) or in the context of the tax code in its entirety. Either way my opinion would be that SALT has no real moral case to recommend it. Even if your goal is to "tax the rich more" then SALT is a tremendously stupid and counterproductive way of doing so atop it being a grossly unfair distortion of state tax codes.

lol: no. People did not get any kind of substantial money back into their paychecks. If anything, it was like 10 bucks per month.

Regardless, it is funny to hear you explain the situation as liberals have been explaining it all along: "Yeah well, this is expected because you get the money up front to spend, but then why you have to pay it back 10-fold at a later date really doesn't matter!"
 
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glenn1

Lifer
Sep 6, 2000
25,383
1,013
126
lol: no. People did not get any kind of substantial money back into their paychecks. If anything, it was like 10 bucks per month.

Regardless, it is funny to hear you explain the situation as liberals have been explaining it all along: "Yeah well, this is expected because you get the money up front to spend then, just that you it back 10-fold at a later date really doesn't matter!"

Again as stated in my post without knowing the "more relevant number of what the total 2018 taxes payable value and comparing it against 2017 total taxes payable" then what was in their paychecks was moot. Almost all the tweets talked about the size of their refund which may or may not be related to their overall tax payable burden.
 

JSt0rm

Lifer
Sep 5, 2000
27,399
3,947
126
Again as stated in my post without knowing the "more relevant number of what the total 2018 taxes payable value and comparing it against 2017 total taxes payable" then what was in their paychecks was moot. Almost all the tweets talked about the size of their refund which may or may not be related to their overall tax payable burden.

What showed up in the paychecks is all trump talked about you little shit.
 
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glenn1

Lifer
Sep 6, 2000
25,383
1,013
126
a write off is a expense! ie. it wasnt earned as profit.

How much "profit" did you report on your individual taxes last year? Most other tax payers report earned income, not profits. Feel free to consult your 1040 as much as needed.

What showed up in the paychecks is all trump talked about you little shit.

Wow, you sure are getting worked up. Maybe you should have a nice cup of hot tea or something to reduce your stress levels.
 

JSt0rm

Lifer
Sep 5, 2000
27,399
3,947
126
How much "profit" did you report on your individual taxes last year? Most other tax payers report earned income, not profits. Feel free to consult your 1040 as much as needed.

My taxes are more complicated then the normal person.
 

JSt0rm

Lifer
Sep 5, 2000
27,399
3,947
126
so in glenns world income shouldnt have write offs because its not profit.
 

glenn1

Lifer
Sep 6, 2000
25,383
1,013
126
My taxes are more complicated then the normal person.

OK fine just let me know what line of your 1040 individual return where you showed your "profit." I'll wait since your taxes are "more complicated."