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The Water Cooler
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New GOP tax plan is terrible
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<blockquote data-quote="C_Hallbert" data-source="post: 3051772" data-attributes="member: 42957"><p>I’m seeing the backlash against removing those deductions and I wanted to expand on the real dynamics of the issue. Everyone wants as many Tax Deductions as they can get but in high Property Tax Areas people are putting the money that should (by rights) be paid to the Treasury and living ‘La Vida Loca’. They use the money derived from this unapparent, serendipitous and unique advantage to pay higher prices for their homes and Higher Taxes to States that also benefit from the money displaced from FederalTax Revenues. If those massive Dedications were eliminated, and the capital paid in according to income, the Federal Tax Budget could be reduced to an appropriate level for everyone. States need to get their own houses in order and balance their own damned budgets. As it is, Tax Rates now must be set high enough to collect sufficient funds from everyone to meet a failing Federal Budget. </p><p></p><p></p><p>Sent from my iPhone using Tapatalk</p></blockquote><p></p>
[QUOTE="C_Hallbert, post: 3051772, member: 42957"] I’m seeing the backlash against removing those deductions and I wanted to expand on the real dynamics of the issue. Everyone wants as many Tax Deductions as they can get but in high Property Tax Areas people are putting the money that should (by rights) be paid to the Treasury and living ‘La Vida Loca’. They use the money derived from this unapparent, serendipitous and unique advantage to pay higher prices for their homes and Higher Taxes to States that also benefit from the money displaced from FederalTax Revenues. If those massive Dedications were eliminated, and the capital paid in according to income, the Federal Tax Budget could be reduced to an appropriate level for everyone. States need to get their own houses in order and balance their own damned budgets. As it is, Tax Rates now must be set high enough to collect sufficient funds from everyone to meet a failing Federal Budget. Sent from my iPhone using Tapatalk [/QUOTE]
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