Posted by cccp1014 on 1/8/2018 4:59:00 PM (view original):

Posted by bad_luck on 1/8/2018 4:55:00 PM (view original):

Posted by cccp1014 on 1/8/2018 4:49:00 PM (view original):
This is why you get 55 electoral votes as you have nearly 40mil people to 2mil for WVA. Deduct is the same as refund when you itemize (more or less). Have you ever itemized? MA is better than Cali in terms of schools and healthcare, we should pay more. :)

Deduct is the same as refund when you itemize??????????

WHAT!!!!!!!!!!!!!!!!!!!!???????????????????????!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Are MikeT in disguise???????

If my refund is $1,000 and I change by excise tax deduction from $100 to $200 my refund will be $1,100. When you itemize it is basically dollar for dollar once you reach a certain threshold.

Have you ever itemized? Answer the question instead of dancing around it. LOL.

Excise tax is deductible?

Posted by cccp1014 on 1/8/2018 4:59:00 PM (view original):

Posted by bad_luck on 1/8/2018 4:55:00 PM (view original):

Posted by cccp1014 on 1/8/2018 4:49:00 PM (view original):
This is why you get 55 electoral votes as you have nearly 40mil people to 2mil for WVA. Deduct is the same as refund when you itemize (more or less). Have you ever itemized? MA is better than Cali in terms of schools and healthcare, we should pay more. :)

Deduct is the same as refund when you itemize??????????

WHAT!!!!!!!!!!!!!!!!!!!!???????????????????????!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Are MikeT in disguise???????

If my refund is $1,000 and I change by excise tax deduction from $100 to $200 my refund will be $1,100. When you itemize it is basically dollar for dollar once you reach a certain threshold.

Have you ever itemized? Answer the question instead of dancing around it. LOL.

No, no. We need to address this.

Walk me through the math. Give me an personal income example and then show me, step by step, how a SALT deduction is the same as a credit (refund).

NYT, Huffington Post, Boston Globe, LA Times. A lot of LEFT!!! LOL

Find one positive article on DJT on Yahoo! Just one. Yahoo! is super left. As is Facebook. As is Twitter.

Ahhh, you can in Mass. That's not common.

Posted by bad_luck on 1/8/2018 5:02:00 PM (view original):

Posted by cccp1014 on 1/8/2018 4:59:00 PM (view original):

Posted by bad_luck on 1/8/2018 4:55:00 PM (view original):

Posted by cccp1014 on 1/8/2018 4:49:00 PM (view original):
This is why you get 55 electoral votes as you have nearly 40mil people to 2mil for WVA. Deduct is the same as refund when you itemize (more or less). Have you ever itemized? MA is better than Cali in terms of schools and healthcare, we should pay more. :)

Deduct is the same as refund when you itemize??????????

WHAT!!!!!!!!!!!!!!!!!!!!???????????????????????!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Are MikeT in disguise???????

If my refund is $1,000 and I change by excise tax deduction from $100 to $200 my refund will be $1,100. When you itemize it is basically dollar for dollar once you reach a certain threshold.

Have you ever itemized? Answer the question instead of dancing around it. LOL.

No, no. We need to address this.

Walk me through the math. Give me an personal income example and then show me, step by step, how a SALT deduction is the same as a credit (refund).

HAVE YOU EVER ITEMIZED?!!?!?!?

I just told you if you do your taxes on tax cut or turbo tax and you itemize, get a number. Say it is $1,000. Now go back and change your excise tax deduction and increase it by $200. Your refund will be $1,200. DOLLAR FOR DOLLAR. I am not sure which threshold you have to reach for that to be achieved because I am not a CPA or an Enrolled Agent.

If you cannot deduct for excise tax then increase your charitable contribution by $200. Again it will increase your refund dollar for dollar.

Posted by The Taint on 1/8/2018 5:03:00 PM (view original):
Ahhh, you can in Mass. That's not common.

MA = the best sans the Weather.

Best Schools
Best Hospitals
Best Sports Teams

It's only on cars in Mass.

Yeah, and I own cars in MA. LOL

You only get that deduction once.

I take that back, looks like it's available every year. Never seen that before. Talk about overtaxed.

There's another tax you get in Mass but not in Cali.

Posted by cccp1014 on 1/8/2018 5:07:00 PM (view original):

Posted by bad_luck on 1/8/2018 5:02:00 PM (view original):

Posted by cccp1014 on 1/8/2018 4:59:00 PM (view original):

Posted by bad_luck on 1/8/2018 4:55:00 PM (view original):

Posted by cccp1014 on 1/8/2018 4:49:00 PM (view original):
This is why you get 55 electoral votes as you have nearly 40mil people to 2mil for WVA. Deduct is the same as refund when you itemize (more or less). Have you ever itemized? MA is better than Cali in terms of schools and healthcare, we should pay more. :)

Deduct is the same as refund when you itemize??????????

WHAT!!!!!!!!!!!!!!!!!!!!???????????????????????!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Are MikeT in disguise???????

If my refund is $1,000 and I change by excise tax deduction from $100 to $200 my refund will be $1,100. When you itemize it is basically dollar for dollar once you reach a certain threshold.

Have you ever itemized? Answer the question instead of dancing around it. LOL.

No, no. We need to address this.

Walk me through the math. Give me an personal income example and then show me, step by step, how a SALT deduction is the same as a credit (refund).

HAVE YOU EVER ITEMIZED?!!?!?!?

I just told you if you do your taxes on tax cut or turbo tax and you itemize, get a number. Say it is $1,000. Now go back and change your excise tax deduction and increase it by $200. Your refund will be $1,200. DOLLAR FOR DOLLAR. I am not sure which threshold you have to reach for that to be achieved because I am not a CPA or an Enrolled Agent.

If you cannot deduct for excise tax then increase your charitable contribution by $200. Again it will increase your refund dollar for dollar.

Yes, I itemize because i have a mortgage.

That's bullshit.

Let's say you're single and have $300,000 in taxable income with $15,000 in itemized deductions. Your federal tax bill is $84,893.

If, instead, you have $20,000 in itemized deductions, your tax bill is 83,143. If you have $50,000 in itemized deductions your tax bill is $72,643.

If instead you have $3M in income and $120,000 in itemized deductions, your tax bill is $1,062,417. If you deduct $150,000 instead your tax bill is only reduced to $1,052,117. Even if you deduct the absolute most allowed under the law ($550k), your tax bill still only goes down to $914,784.

A DEDUCTION IS NEVER THE SAME AS A CREDIT.

You moron.

Firm but fair

Posted by tangplay on 1/8/2018 4:53:00 PM (view original):

Posted by bad_luck on 1/8/2018 4:37:00 PM (view original):

Posted by strikeout26 on 1/8/2018 4:35:00 PM (view original):

Posted by bad_luck on 1/8/2018 4:26:00 PM (view original):

Posted by cccp1014 on 1/8/2018 3:49:00 PM (view original):

Posted by bad_luck on 1/8/2018 3:39:00 PM (view original):

Posted by cccp1014 on 1/8/2018 3:28:00 PM (view original):
1) I gave you the answer why. It is not because they can, it is because they have to.

2) Property taxes differ by town and I bet MA is not higher than Cali. Well the highest taxes in MA vs. highest taxes in Cali. Our income tax is 5% yours is 13%. Quite the delta. We have the best schools and hospitals in the country. I would say your point is negated.

3) Again, subjective. Trump won the election, obviously many feel that he was qualified. Your example is indeed a false equivalency. Under BHO we had the rise of ISIS and BLM...under Trump we have tax reform.

4) I have. I don't see one iota of white supremacist rhetoric. Not one, while it was under the leadership of Andrew Breitbart. It was very pro Israel. Does that make them white supremacist by your operational definition?

1) um ok. We disagree on this.

2) well, you’re ignoring the fact that MA has a flat income tax and CA has brackets. So it isn’t as simple as 5 vs 13.

CA residents pay 1% up to X, 2% up to Y, 4% up to Z, etc. you don’t get to 13% until you have income over $1m. So, to go back to your $300k CA vs IN, a guy with 300k in taxable income doesn’t pay $39k in state income tax. He pays waaaaay less than that. He never actually gets to 13%. Only 30k in income is even taxed at 10%. His effective rate is single digits.

Most people in CA pay the same or less in state income tax than MA residents. And CA has lower property taxes.

Hmmm....I'll have to look at that. I will take your word for it for every publication has 13%. Cali also has a higher sales tax and they have to borrow because their expenses outpace their revenues. It would be one thing if the budget were balanced but they borrower for infrastructure or schools.

Doesn't seem like you really know what you're talking about. Maybe don't argue about taxes?

Every publication lists 13% as the top tax rate in CA but the average household pays far less than that.

For example, someone with $60k in taxable income, a $250k property, and $25k in purchases subject to sales tax actually pays less taxes in CA than someone living in Essex County MA ($6,617 vs $7,697).

Well, we now know why Cali runs a deficit. Spend way too much and bring in way too little.

The property tax rate needs to rise but it won't because people who own a lot of property in California have a lot of power.

Property taxes cause inequality in schools

Local governments can charge whatever they want for property taxes. If they don't have enough funding for schools that is their problem. By the way, schools are not underfunded. Every kid eats, has transportation, and a teacher.

Posted by cccp1014 on 1/8/2018 5:06:00 PM (view original):

Posted by The Taint on 1/8/2018 5:03:00 PM (view original):
Ahhh, you can in Mass. That's not common.

MA = the best sans the Weather.

Best Schools
Best Hospitals
Best Sports Teams

What do you mean best sports teams? Definitely my ATL. We beat the Pats 28-3 in the super bowl last year, Hawks are going to be a #1 seed, and the Braves are super competitive.