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mopinko

(70,127 posts)
Thu Nov 2, 2017, 09:46 PM Nov 2017

sooo. 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?

4 replies = new reply since forum marked as read
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sooo. let me see if i have this straight. (Original Post) mopinko Nov 2017 OP
The Trump states need our money. hunter Nov 2017 #1
even tho the services that they provide to their people blow. mopinko Nov 2017 #2
No one is taxing that money twice. rgbecker Nov 2017 #3
the personal exemption is for the purpose of exempting taxes paid mopinko Nov 2017 #4

mopinko

(70,127 posts)
2. even tho the services that they provide to their people blow.
Fri Nov 3, 2017, 02:56 PM
Nov 2017

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)
3. No one is taxing that money twice.
Fri Nov 3, 2017, 03:28 PM
Nov 2017

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)
4. the personal exemption is for the purpose of exempting taxes paid
Sat Nov 4, 2017, 09:19 AM
Nov 2017

elsewhere. like sales tax, which if you wanted to, you could keep track of and deduct.

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