Thread: Thanks Trump
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Old 04-13-2019, 11:24 PM   #9
Perfectlap
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Join Date: Nov 2004
Location: New Jersey
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Some here seem to be unaware that high revenue generating states like NJ send more federal tax revenues than they receive back in federal appropriations. These shortchanged states must then run their schools, QUALITY senior citizen healthcare programs and mass transit systems with their own state tax dollars while still paying a disproportionate share of the federal taxes collected. So no your state is not subsidizing our high tax state, it's literally the opposite. My solution, we pass a law: you only get back to your state what you paid for federally. NOT ONE DIME MORE. Deal!?

Unlesss a family of four earn more than $70k they pay virtually no federal income tax. Credit to Trump's own former chief economic advisor for pointing this out when asked why the tax cuts were so miniscule for most. Now take a look at how many states have an average household income above $70k and you'll see that the blue states actually paying federal income tax were the very states that were hit with these absurd tax increases. While the states paying the least amount of federal tax (while still receiving more federal spending than they paid for) were given further tax cuts. Who is subsidizing who again?

And this business about "your tax return was given to you throughout the year instead of one lump sum at tax time" seems oblivious to the fact that working families had literally tens of thousands of dollars in miscellaneous deductions obliterated so that this total fraud of a tax "reform" law could come in under $1.5 trillion dollars. That way it only needed 51 Republican votes in the Senate. Since we couldn't fit the tax cuts for the top 1%, a 20% cut for corporations, preserve these critical working class deductions and still come in below $1.5 trillion one of the three had to go. Naturally the Republicans decided that the middle class deductions were the less important of the three. And yes the real cost of this tax "reform" was actually $2.2 trillion which would have procedurally required more votes than the Republicans had at the ready. And surprise surprise we now have a massive increase in our annual federal deficits, while we await the trickle down effect. This time will be different they promise....
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Last edited by Perfectlap; 04-14-2019 at 04:33 AM.
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