Posted by bad_luck on 1/4/2018 8:30:00 PM (view original):
From the AP:

WASHINGTON (AP) — Republican leaders have spent months promoting the myth that red low-tax states are subsidizing blue high-tax states because of the deduction for state and local taxes.

An Associated Press Fact Check finds it’s actually the other way around. High-tax, traditionally Democratic states (blue), subsidize low-tax, traditionally Republican states (red) — in a big way.

Republicans are trying to eliminate the deduction as part of the sweeping tax package working its way through Congress. They added back a deduction for up to $10,000 in property taxes, in a concession to Republicans from high-tax states such as New York and New Jersey. California Republicans are pushing to extend the deduction to local income taxes, too.

It is true that taxpayers in high-tax states benefit the most from the deduction. However, these states send far more tax dollars to Washington than residents in low-tax states.

In fact, most high-tax states send more money to Washington than they get back in federal spending. Most low-tax states make a profit from the federal government’s system of taxing and spending.

Are you going to believe the idiot Press or people who are actually in the business like myself and others with whom I work with? Have them interview me and you will get a completely different answer. I won't argue climate change because I am not a scientist. But I have an advanced degree in Finance. I have been through GE Capital's internal training program and I speak at universities regularly. I know finance and the economy. Period. And yes, the rust belt and other states have been subsidizing the coastal states (some of them).

Texas is a pretty big state, as is Ohio. They need not be subsidizing Cali and their 13% state income tax. Sorry.

I will compare resumes all day with you on the topic of finance and the economy. You may be an expert in healthcare, climate change or religion and I am not but in terms of finance I 100% am.

It’s not a business situation. It’s a government finance situation. CA/NY/etc pay more into the federal system than they and their citizens take out. Red states pay in less than they take out.

It’s a fact.

Posted by bad_luck on 1/4/2018 8:52:00 PM (view original):
It’s not a business situation. It’s a government finance situation. CA/NY/etc pay more into the federal system than they and their citizens take out. Red states pay in less than they take out.

It’s a fact.

Wrong again, sir.

Posted by cccp1014 on 1/4/2018 8:56:00 PM (view original):

Posted by bad_luck on 1/4/2018 8:52:00 PM (view original):
It’s not a business situation. It’s a government finance situation. CA/NY/etc pay more into the federal system than they and their citizens take out. Red states pay in less than they take out.

It’s a fact.

Wrong again, sir.

https://www.mercatus.org/sites/default/files/fr2017-rank_list.jpg

Bottom 5 states in terms of fiscal rankings:

1. NJ
2. IL
3. MA
4. KY
5. MD

Here is Cali!!!

On the basis of its fiscal solvency in five separate categories, California ranks 43rd among the US states for its fiscal health. ... On a long-run basis, California's net asset ratio of -0.62 indicates the state is reliant on debt to finance its operations. Long-term liabilities are 93 percent of total assets.

Its basically using a credit card to fund its living. Nice....should be raking in the dough but too many illegals and too many dumb people running the state. If you were my client you would be in bankruptcy and I would be owning you (if Cali was a private concern not a state).

Best states:

1. ND
2. WY
3. TX
4. NC
5. SD

https://www.usnews.com/news/best-states/rankings/government/fiscal-stability

Nope.

Most Federally Dependent States

Rank (1 = Most Dependent)	State	Total Score	‘State Residents’ Dependency’ Rank	‘State Government’s Dependency’ Rank
1	Kentucky	76.16	6	5
2	Mississippi	75.59	7	1
3	New Mexico	73.88	3	17
4	Alabama	72.45	4	14
5	West Virginia	68.97	5	15
6	South Carolina	68.17	2	31
7	Montana	65.91	14	4
8	Tennessee	61.76	20	3
9	Maine	61.02	13	9
10	Indiana	59.18	7	23
11	Arizona	59.08	15	11
12	Louisiana	55.39	40	2
13	South Dakota	53.57	24	7
14	Missouri	52.66	31	6
15	Oregon	51.51	23	10
16	Georgia	49.81	34	8
17	Idaho	49.64	19	19
18	Vermont	49.56	18	20
19	Wyoming	48.80	26	12
20	Maryland	48.18	11	32
21	Oklahoma	47.78	21	18
22	Pennsylvania	46.15	17	30
23	Alaska	45.81	10	40
24	Rhode Island	45.05	36	16
25	Florida	43.84	27	22
26	Ohio	42.25	45	13
27	Arkansas	42.12	38	21
28	North Carolina	41.63	32	25
29	Hawaii	41.63	9	46
30	Iowa	41.38	33	26
31	Wisconsin	41.09	16	38
32	North Dakota	40.46	1	50
33	Michigan	40.43	35	27
34	New York	37.65	44	24
35	Texas	36.81	42	28
36	Washington	35.32	30	33
37	Colorado	35.20	29	34
38	Virginia	34.43	12	49
39	Nebraska	33.78	47	29
40	Utah	33.28	28	35
41	New Hampshire	31.11	37	36
42	Connecticut	27.80	22	48
43	Massachusetts	27.36	46	37
44	Nevada	26.94	25	47
45	Kansas	25.39	39	45
46	California	25.36	41	43
47	Illinois	23.96	48	41
48	New Jersey	23.84	49	39
49	Minnesota	23.09	43	44
50	Delaware	21.32	50	42

Fiscal Stability Rank	State	Government Budget Balancing	Government Credit Rating	Pension Fund Liability
#1	North Dakota	3	16	11
#2	Wyoming	2	-	34
#3	Texas	5	1	8
#4	North Carolina	8	1	7
#5	South Dakota	9	1	10
#6	Vermont	30	1	3
#7	Tennessee	35	1	2
#8	Indiana	24	1	5
#9	Utah	4	1	24
#10	Florida	7	16	9
#11	Virginia	27	1	13
#12	Idaho	6	16	15
#13	Delaware	46	1	6
#14	Georgia	28	1	18
#15	Wisconsin	13	33	1
#16	Iowa	25	1	21
#17	Maryland	45	1	14
#18	Washington	26	16	16
#19	South Carolina	11	1	36
#20	New Hampshire	39	16	12
#21	Missouri	31	1	31
#22	New York	34	16	20
#23	Nebraska	12	-	4
#24	Colorado	19	16	32
#25	Alaska	1	33	50
#26	Oklahoma	17	33	19
#27	Minnesota	15	16	33
#28	Arkansas	36	16	27
#29	Massachusetts	48	16	17
#30	West Virginia	33	16	29
#31	Michigan	37	16	30
#32	Arizona	18	33	26
#33	Montana	10	16	41
#34	Alabama	32	16	35
#35	Oregon	21	16	38
#36	Kansas	38	33	22
#37	Rhode Island	23	33	28
#38	Maine	40	33	23
#39	New Mexico	14	1	49
#40	Pennsylvania	42	43	25
#41	Hawaii	43	16	43
#42	Ohio	20	16	48
#43	California	22	43	42
#44	Nevada	16	33	45
#45	Mississippi	29	33	47
#46	Louisiana	47	43	40
#47	Connecticut	50	43	37
#48	Kentucky	44	33	44
#49	New Jersey	49	47	39
#50	Illinois	41	48	46

Posted by cccp1014 on 1/4/2018 9:01:00 PM (view original):
Bottom 5 states in terms of fiscal rankings:

1. NJ
2. IL
3. MA
4. KY
5. MD

Here is Cali!!!

On the basis of its fiscal solvency in five separate categories, California ranks 43rd among the US states for its fiscal health. ... On a long-run basis, California's net asset ratio of -0.62 indicates the state is reliant on debt to finance its operations. Long-term liabilities are 93 percent of total assets.

Its basically using a credit card to fund its living. Nice....should be raking in the dough but too many illegals and too many dumb people running the state. If you were my client you would be in bankruptcy and I would be owning you (if Cali was a private concern not a state).

Best states:

1. ND
2. WY
3. TX
4. NC
5. SD

https://www.usnews.com/news/best-states/rankings/government/fiscal-stability

You’re answering a different question. I’m talking about tax dollars.

bad_luck, do you comprehend that Cali spends more than it makes? Duh....

Posted by cccp1014 on 1/4/2018 9:02:00 PM (view original):
bad_luck, do you comprehend that Cali spends more than it makes? Duh....

That doesn’t have anything to do with people in the rust belt.

Posted by bad_luck on 1/4/2018 9:03:00 PM (view original):

Posted by cccp1014 on 1/4/2018 9:02:00 PM (view original):
bad_luck, do you comprehend that Cali spends more than it makes? Duh....

That doesn’t have anything to do with people in the rust belt.

I am not going to keep jumping around. Do you agree:

1. Cali has the highest state income tax...by far?
2. Cali is spending more than it is bringing in?

Y or N

Well, I’m not going to just let you change the subject like that. You said the rust belt was tired of finding the coastal states.

You were wrong about that. Federal tax dollars from the coastal states (and blue states in general) tend to fund the red states.

Agree and we can talk about whatever you want.

No, stay with me here. I don't agree because your study excludes entitlements. Show me stats on that and we can agree. Cali is likely a donor state because of its wealthy population, Hollywood, etc. But it is spending more than it makes and has to rely on the Fed for its credit rating, etc. 1 of 8 people in the US reside in Cali. While Cali is a donor state, I believe NY and NJ are not. Cali may not be for long either. I will agree that they are but they are one of the states I mentioned and again it DOES NOT include entitlements. Cali is NOT self funded. That is an issue.

Now agree or disagree with what I asked.

Looks like we found one of the Trump University teachers.

I never said I was a teacher. I said I was a speaker. Please learn to read. I speak at a top university where I also graduated from. You may make jokes since you cannot discuss facts. Typical Liberal.