Re: State and Local Tax Deduction Elimination
Posted by:
thinking reply
()
Date: October 30, 2017 04:11PM
How it all works Wrote:
-------------------------------------------------------
> Shitty, poorly managed states like California,
> Illinois and New York have high state taxes. They
> waste a fuckton of money on corrupted projects,
> teachers unions and illegal aliens. When
> taxpayers in these states are given a federal tax
> deduction for their inflated state tax rate, the
> people in fiscally responsible states are forced
> to share the burden of the irresponsible states
> failures. The residents of these corrupt and
> mismanaged states never have to confront their
> local problems as long as others keep footing the
> bill.
The trend is quite the opposite - States that take care of themselves by taxing residents tend to rely much less on Federal funds. California and New Jersey are examples of states with high tax rates and the lowest dependency on Federal funds.
New Jerseyans receive only $0.48 back for every dollar they pay in income tax, the fourth lowest rate in the country. Of New Jersey's revenue, 26.87% comes from federal funding, the 10th lowest in the country.
New Jersey has 3.82 federal employees per 1000 residents, which ranks fifth lowest in America, and only 1.78 civilian non-defense federal employees per 1000 residents, the second lowest in America.
Oregon is somewhat of an exception ranked 15th on dependency on Federal money yet among the highest effective tax rates.