CA seeks to avoid tax hike... In this week's edition of Liberal Hypocrisy

So the new Trump tax plan limits the deduction of state and local taxes (SALT) to $10,000. Of course, this has angered many in high tax states as it could mean higher federal income tax bills. To be clear, this only really affects higher income/upper middle class who live in areas mainly with high property taxes. We can debate whether those who are living in $750,000-$1,000,000 homes in CA are truly "wealthy" given the high cost of living, but by most standards you'd be hard pressed to find a liberal who doesn't think people making $250k or more aren't rich which is who is really being affected.

Nevertheless, instead of CA trying to figure out how to lower their tax burden on their residents, they instead come up with a way to use tax loopholes to game the system. You know, what they accuse rich Republicans of doing every election.

So a CA legislator has proposed:

... Californians would make a “charitable donation” to the California Excellence Fund, which would give taxpayers dollar-for-dollar state tax credit. Taxpayers would use the credits to get out of paying SALT taxes, rendering the $10,000 cap on SALT deductions in the new tax law moot

In other words, CA is going to encourage fake charitable giving to offset increased federal income taxes to get around the SALT limit. Of course, this is hilarious considering it is the same liberals who are constantly supporting raising taxes on everyone else and claiming the rich aren't paying their fair share. Now that their taxes are raised, they are complaining?

CA Unveils Plan to Skirt SALT Deduction Limits

a reply to: Edumakated
Could this potentially be prosecuted as tax fraud? And since it is being done by an organized enterprise, perhaps even, Racketeering ?

a reply to: Edumakated

You know what's really rich (pun intended)? They sit there and moralize about how they pay for all us poor red state takers, but they've been deducting their taxes and riding on all of us who don't quite make enough to do the same out here in flyover because we have lower costs of living and live in lower tax states.

We pay up, and they skate and continue to vote higher tax burdens.

It's about time they actually pay for what they voted on.

use the credits to get out of paying SALT taxes,

Tax evasion.

I'd laugh if it wasn't so pathetic.

They need a $2.00 tax per gallon hike, 20% property tax increase, retroactive to 2000, and OPEN borders. And be surrounded at the border of Nevada, Oregon and Arizona with National Guard. Let them go.... let them have their Liberal Utopia, free of the United States. TODAY.....


Oh yea, better get going on those de-salinization plants asap.

a reply to: Edumakated

Alex Jones was saying that his tax has gone up 1% under Trumps new tax plan. He's small fry. The higher ups are paying much more. For the time being, the little guy is paying far less.

originally posted by: worldstarcountry
a reply to: Edumakated
Could this potentially be prosecuted as tax fraud? And since it is being done by an organized enterprise, perhaps even, Racketeering ?

Seems like it could be... I guess we will see how IRS reacts.

Just find it beyond comical that CA is bending over backwards to stop taxes from being raised on the wealthy when every election, this is what they vote for...

a reply to: Edumakated


Dear Ed-

I don't really think it is the 'real 1%' Now the definition of 'real 1%' I'm using is someone who works their tail to the bone and didn't inherit it; didn't sue someone; didn't sell anyone out, You know, someone who actually earned their bread, it is the person who THINKS they're part of the 1% and because they aren't EARNING their $$$ they have ample time to further the 1% Agenda. This includes copious amounts of $$$ to Lobbyist and pressing flesh w/their Local/State Governments (Doing the 'roadwork' those who are 'in the middle' should be doing to eliminate lifetime politicians™.

www.opensecrets.org...

These TURDS make a whole bunch of 'donations' and if they can't write it off, they will just raise the prices on goods they sell...

originally posted by: Edumakated

originally posted by: worldstarcountry
a reply to: Edumakated
Could this potentially be prosecuted as tax fraud? And since it is being done by an organized enterprise, perhaps even, Racketeering ?

Seems like it could be... I guess we will see how IRS reacts.

Just find it beyond comical that CA is bending over backwards to stop taxes from being raised on the wealthy when every election, this is what they vote for...

California is the home of Nancy "Just approve the plan to see what is in it" Pelosi "Do what I lie about and not what I lie about lying about doing..." See? It can get tricky...

I thought real Democrats liked paying taxes? I am surprised they aren't praising Trump for making 'rich' people pay their fair share. Funny how that works.

originally posted by: Edumakated
So the new Trump tax plan limits the deduction of state and local taxes (SALT) to $10,000. Of course, this has angered many in high tax states as it could mean higher federal income tax bills. To be clear, this only really affects higher income/upper middle class who live in areas mainly with high property taxes. We can debate whether those who are living in $750,000-$1,000,000 homes in CA are truly "wealthy" given the high cost of living, but by most standards you'd be hard pressed to find a liberal who doesn't think people making $250k or more aren't rich which is who is really being affected.

Nevertheless, instead of CA trying to figure out how to lower their tax burden on their residents, they instead come up with a way to use tax loopholes to game the system. You know, what they accuse rich Republicans of doing every election.

So a CA legislator has proposed:

... Californians would make a “charitable donation” to the California Excellence Fund, which would give taxpayers dollar-for-dollar state tax credit. Taxpayers would use the credits to get out of paying SALT taxes, rendering the $10,000 cap on SALT deductions in the new tax law moot

In other words, CA is going to encourage fake charitable giving to offset increased federal income taxes to get around the SALT limit. Of course, this is hilarious considering it is the same liberals who are constantly supporting raising taxes on everyone else and claiming the rich aren't paying their fair share. Now that their taxes are raised, they are complaining?

CA Unveils Plan to Skirt SALT Deduction Limits

Tax the rich people! Wait, we're considered rich? Tax other rich people!!! Also, this tax bill doesn't do enough to tax the wealthy, which is obvious since I'm donating to a fake charity to get out of it!

a reply to: Edumakated

The problem with eliminating the SALT deduction isn't because it targets affluent people. It's because it is clearly hyper-partisan in nature since it mostly targets deep blue states. In other words the tax bill just legalized partisan attacks on the minority party; something that the Constitution was setup to avoid. Our founding fathers would be ashamed at the shenanigans our Congressmen just pulled with this tax bill.

But hey, liberals are miserable. That's all that matters right?

originally posted by: Krazysh0t
a reply to: Edumakated

The problem with eliminating the SALT deduction isn't because it targets affluent people. It's because it is clearly hyper-partisan in nature since it mostly targets deep blue states. In other words the tax bill just legalized partisan attacks on the minority party; something that the Constitution was setup to avoid. Our founding fathers would be ashamed at the shenanigans our Congressmen just pulled with this tax bill.

But hey, liberals are miserable. That's all that matters right?

It's almost like when Obama used the IRS to target Conservatives.

a reply to: Krazysh0t

It wouldn't target them if they didn't have such high taxes would it?

And is it fair that they get to avoid paying what they owe to the Federal government in favor of paying to the state and then vote for higher state taxes while also advocating for and voting for representatives who work to get a higher Federal tax burden on everyone else they can avoid?

Surely they should pay their fair share to each of those two entities. Don't you think?

a reply to: Metallicus

No it isn't "almost" like that. It isn't even close. Even if you DO believe the CT that Obama specifically targeted conservatives with the IRS, he still didn't codify his actions into law. Republicans literally changed the law to target the minority party.

Finally, your whataboutism doesn't excuse the Republicans' actions. Perhaps stick to the topic at hand instead of justifying an unAmerican action with another one?

a reply to: Krazysh0t

So if you wish to make this partisan, I have to ask why these taxpayers in those deep blue states seem perfectly happy paying high taxes so long as they didn't stem from a GOP Congress? Your knife cuts both ways, KS.

a reply to: Edumakated

So only poor people should pay for wasteful programs that enrich a select liberal minority?

ok, as long as thats clear.

originally posted by: Krazysh0t
a reply to: Edumakated

The problem with eliminating the SALT deduction isn't because it targets affluent people. It's because it is clearly hyper-partisan in nature since it mostly targets deep blue states. In other words the tax bill just legalized partisan attacks on the minority party; something that the Constitution was setup to avoid. Our founding fathers would be ashamed at the shenanigans our Congressmen just pulled with this tax bill.

But hey, liberals are miserable. That's all that matters right?

Maybe most of those Deep Blue states should pay their fair share like the red states instead of trying to avoid paying higher taxes. Is it most of America's fault those people have chosen to live in those "blue" states in million dollar houses? Buy a million dollar home, pay taxes like a millionaire....makes sense. If you now can't afford to live in the state you're currently in....move. No one is making these people live in high state tax states and buy million dollar homes.

originally posted by: ketsuko
a reply to: Krazysh0t

It wouldn't target them if they didn't have such high taxes would it?

What a dumb question... So how does that work? The states are high traffic areas and urban hubs. That means a lot of people. A lot of people increases the cost of living. Higher cost of living = higher taxes. It's that simple.

And is it fair that they get to avoid paying what they owe to the Federal government in favor of paying to the state and then vote for higher state taxes while also advocating for and voting for representatives who work to get a higher Federal tax burden on everyone else they can avoid?

What is this fair nonsense? Is it fair that red states take more than they pay into the system?

Surely they should pay their fair share to each of those two entities. Don't you think?

They already pay more in federal taxes than red states. Why should they be penalized further?

a reply to: GuidedKill

Pay their fair share? So the blue states should be taking more in federal assistance than paying in taxes towards the federal government? Unfortunately SOMEONE has to pay taxes. All those lazy welfare red states mooching off of the system.