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News & Current Events Discuss Cuomo blames Trumps Tax plan for decreased revenues at the General Forum; Billions of dollars in tax revenue are being lost because rich folk are moving away from the high taxes that ...

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Old 02-05-2019, 04:09 PM
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Default Cuomo blames Trumps Tax plan for decreased revenues

Billions of dollars in tax revenue are being lost because rich folk are moving away from the high taxes that New York voted for.

But it Trump fault!

https://www.bloomberg.com/news/artic...nd=politics-vp
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Old 02-05-2019, 04:18 PM
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Default Re: Cuomo blames Trumps Tax plan for decreased revenues

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Originally Posted by Dog Man View Post
Billions of dollars in tax revenue are being lost because rich folk are moving away from the high taxes that New York voted for.
It's never a liberal's fault. It's in the blood that there are always outside causes for their brain farts.
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Old 02-05-2019, 04:23 PM
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Default Re: Cuomo blames Trumps Tax plan for decreased revenues

Yeah, I heard something about this today. Apparently, he is complaining about the maximum allowed deduction for state and local income taxes being capped at around $10,000 (not sure of the actual amount, but you get the idea). He says that favors Red states in that taxes in those states are lower than blue states.

DUH!!! Maybe instead of wanting people in Red States to pick up the slack in Fed Taxes, why don't the Blue states lower their taxes? But my guess is that never crossed their minds.
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Old 02-05-2019, 04:41 PM
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Default Re: Cuomo blames Trumps Tax plan for decreased revenues

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Originally Posted by GetAClue View Post
Yeah, I heard something about this today. Apparently, he is complaining about the maximum allowed deduction for state and local income taxes being capped at around $10,000 (not sure of the actual amount, but you get the idea). He says that favors Red states in that taxes in those states are lower than blue states.

DUH!!! Maybe instead of wanting people in Red States to pick up the slack in Fed Taxes, why don't the Blue states lower their taxes? But my guess is that never crossed their minds.
Why do people think that other states should bail out the high tax states?
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Old 02-05-2019, 05:29 PM
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Default Re: Cuomo blames Trumps Tax plan for decreased revenues

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Why do people think that other states should bail out the high tax states?
Because progressives believe in giving the government as much power as possible. If Red states are not paying as much in taxes as blue states, the local government must not be as onerous. Therefore, progressives feel that they should then contribute more to an onerous Federal Gov't.
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Old 02-05-2019, 05:44 PM
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Default Re: Cuomo blames Trumps Tax plan for decreased revenues

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Originally Posted by Dog Man View Post
Billions of dollars in tax revenue are being lost because rich folk are moving away from the high taxes that New York voted for.

But it Trump fault!

https://www.bloomberg.com/news/artic...nd=politics-vp
We have state tax too. Most people in taxed states don't like this feature of Trump's giveaway to his buddies.
With the other chaos in the so called "tax" plan middle classers are losing big time.
The billionaires need to be reigned in. They have caused enough havoc with the rest of us.
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Old 02-05-2019, 05:58 PM
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Default Re: Cuomo blames Trumps Tax plan for decreased revenues

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We have state tax too. Most people in taxed states don't like this feature of Trump's giveaway to his buddies.
With the other chaos in the so called "tax" plan middle classers are losing big time.
The billionaires need to be reigned in. They have caused enough havoc with the rest of us.
Funny, I'm middle class and my tax burden has lowered significantly. Maybe I'm a billionaire and didn't know it.
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Old 02-05-2019, 07:40 PM
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Default Re: Cuomo blames Trumps Tax plan for decreased revenues

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Originally Posted by saltwn View Post
We have state tax too. Most people in taxed states don't like this feature of Trump's giveaway to his buddies.
With the other chaos in the so called "tax" plan middle classers are losing big time.
The billionaires need to be reigned in. They have caused enough havoc with the rest of us.
All states have Taxes. And according to the OP article the billionaires are leaving NEW York and going to other states.

It's Cuomo who blames the Trump tax cut for this. With no evidence or logical connection.

The money is leaving the State of New York because it wants to prosper elsewhere. This exodus has been true for decades. THAT is on the State of New York
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Old 02-05-2019, 07:45 PM
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Default Re: Cuomo blames Trumps Tax plan for decreased revenues

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Funny, I'm middle class and my tax burden has lowered significantly. Maybe I'm a billionaire and didn't know it.
I've got the same problem. And Missouri, a red state, hasn't motivated me to leave.

My company barely survived under Obama and now it is booming. But, every time I see the PR ads for "THE NEW NEW YORK" asking businesses to come there, I laugh hysterically.
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Old 02-06-2019, 07:20 AM
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Default Re: Cuomo blames Trumps Tax plan for decreased revenues

Sorry Dog Man, I didn't see your thread and started one on this topic also. Mods, can you merge please?
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