Trump Tax Plan to End Deductability of State and Property Taxes

[SpicyBoi]

What do you think of this?

I think he's purposely attacking the blue states since we pay more in state taxes (CA/NY).

Here's a background article: https://www.usatoday.com/story/opinion/2017/05/01/trump-test-democrats-tax-patriotism-glenn-reynolds/101159082/

[ExciteBike66]

1. I know a bunch of republican family members in NJ

who are going to be pissed!

As for my Florida-resident ass, I have no shits to give!

[HAB911]

3. How do you plan to vote

on increasing our homestead exemption to $75,000 to be on the ballot in '18? I'm voting no on anything this bought and paid for legislature wants.

[ExciteBike66]

5. I'm so out of touch with my state

that I didn't even know that would be on the ballot.

While it sounds nice, it's probably not good for lower-income folks who cannot finance a home and have to rent, right?

[HAB911]

7. In true Republican form

It only kicks in if the property is valued over $100K. It would really hit local governments like a sledgehammer.

http://www.tampabay.com/news/politics/legislature/florida-homestead-exemption-increase-closer-to-ballot/2322311

[Turbineguy]

2. It puts more pressure on States and Municipalities

to cut social services to in turn cut taxes.

The US is just not enough like North Korea.

[MANative]

4. My property taxes are just shy of $10K. That will hurt. nt

[Kahuna7]

6. A lot of property taxes in NJ are upwards of 20K.

[former9thward]

8. Either you want the rich to pay more or you don't.

This will cause the rich to pay more. If the standard deduction is doubled -- which is also in the proposal -- then only the rich will be paying significantly more as a result of the elimination of this deduction.

[Volstagg]

10. Owning a house does not make you rich.

Maybe you set a cap on the amount of property tax you can deduct, but this is going to hurt regular average people that pay property tax and deduct that.

[former9thward]

15. Not when you double the standard deduction.

[Kingofalldems]

11. Looks like you are in favor of Trump's tax proposal

based on your response.

[former9thward]

14. Looks like you are in favor of letting the rich slide.

Based on your response.

[Thrill]

9. That's brutal for people that work in another state

And stay in another. I know a bunch of his voters that do this

[pansypoo53219]

12. gotta pay for HIS tax cut somehow, why not make the less fortunate pay.