General Discussion

roamer65

(36,745 posts) Sat Dec 16, 2017, 01:20 PM Dec 2017

States like NJ, CA and NY need to create a new higher income tax bracket for wealthier people.

Claw back all of that federal income tax cut from 39.6 to 37 pct for higher income people. Use the money to lower their income taxes on the poor and middle class.

Also they should look at increasing their corporate taxes as well.

5 replies

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States like NJ, CA and NY need to create a new higher income tax bracket for wealthier people. (Original Post) roamer65 Dec 2017 OP

Yea like a 60% bracket Fullduplexxx Dec 2017 #1

And somehow impose it on red state billionaires unblock Dec 2017 #2

Won't happen.. vi5 Dec 2017 #3

I remember when Joisey tried that, and... TreasonousBastard Dec 2017 #4

Those blue states already paying higher taxes than elsewhere mainer Dec 2017 #5

Fullduplexxx

(7,864 posts)

1. Yea like a 60% bracket

Reply to roamer65 (Original post)

Sat Dec 16, 2017, 01:24 PM

Dec 2017

unblock

(52,243 posts)

2. And somehow impose it on red state billionaires

Reply to roamer65 (Original post)

Sat Dec 16, 2017, 01:33 PM

Dec 2017

vi5

(13,305 posts)

3. Won't happen..

Reply to roamer65 (Original post)

Sat Dec 16, 2017, 01:51 PM

Dec 2017

Cuomo and the "Independent Democratic Caucus" (HA!) won't have it in NY. They are as pro-big business as they come. And while Governor elect Murphy in my home state of NJ is talking a good game, given his Wall Street connections and the leanings of a lot of the Democrats in the State house here I don't think that will happen.

Even in Deep Blue states like ours the best we can get is socially liberal, fiscally conservative Democrats.

I can't really speak in any capacity about CA.

TreasonousBastard

(43,049 posts)

4. I remember when Joisey tried that, and...

Reply to roamer65 (Original post)

Sat Dec 16, 2017, 01:58 PM

Dec 2017

it was amazing how many people had second or third homes in Texas or Florida that became their primary residences.

mainer

(12,022 posts)

5. Those blue states already paying higher taxes than elsewhere

Reply to roamer65 (Original post)

Sat Dec 16, 2017, 01:59 PM

Dec 2017

And now they can’t deduct state taxes from federal taxes. They would be penalized twice.

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