General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region Forumssooo. let me see if i have this straight.
so, dont they say local government is the best government?
and dont they say that money should only be taxed once?
so, why are they trying to punish the blue states where their taxes are higher because government does what the people need it to do, by taxing that money twice?
what am i missing here?
hunter
(38,317 posts)They are not self-supporting.
mopinko
(70,127 posts)start fucking educating your children and caring for the least of us, like the blue states do, and get back to my about why you all should be taking more money from us.
rgbecker
(4,832 posts)In the US income tax system, you pay tax on income that you have. In some cases you can subtract from your income (Deduct) money that you pay for some things. For example, Mortgage interest, State and local taxes (income and RE tax), Charitable contributions, and a few other "special" things that various special interest groups were able to convince congress to include as "Deductions".
The deductions are only taken advantage of by about 30% of filers and 80% of those filers have incomes of more that $100,000.
The only money I ever heard about being taxed twice was dividend income which paid to shareholders from earnings after paying income tax on the years income. The dividend then becomes income for the shareholders and they then pay tax on the "same money twice." Interesting though that Bush the younger signed a bill that allowed something like $75,000 in dividend and capital gain income without any income tax and reduced rates for that type of income up through the brackets.
mopinko
(70,127 posts)elsewhere. like sales tax, which if you wanted to, you could keep track of and deduct.