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BB Hokie

Joined: 09/06/2010 Posts: 3161
Likes: 3006

What's this?

That's the argument, but in reality it doesn't hold up...


The argument being that high tax states like NY and CA are being subsidized by low tax states seems plausible when just looking at SALT, but it is not true when you look at the big picture numbers. The high tax states tend to be the wealthier states, and they pay more in federal taxes than they receive back in federal spending. (Personally, my concern is more with how all of our taxes are spent. I hate seeing so much of our tax money wasted).

The link below has some good numbers...
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New York gets 56 cents back for every dollar and California gets 64 cents. But states such as North Dakota, South Carolina, Alabama, Kentucky, West Virginia and Indiana get more than two dollars back in federal spending for every dollar in taxes.
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(In response to this post by EDGEMAN)

Link: link


Posted: 11/04/2017 at 08:22AM


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Current Thread:
 
  I know it's going to change, but I think I'm gonna get screwed on this tax -- halesvb11 11/03/2017 9:32PM
  Wait, what? When are they doing away with Strategic Arms Limitation Treaty? -- Freddyburg Hokie 11/04/2017 3:44PM
  Family of four: double standard deduction, eliminate personal exemptions -- GOHOKEE 11/04/2017 10:50AM
  $86k and under pay less ** -- 133743Hokie 11/04/2017 4:24PM
  That's my concern. The House/Senate will screw it up. ** -- CochraneResident 11/04/2017 10:53AM
  When posting, avoid the topics of politics, religion and race. ** -- Brown Water 11/04/2017 08:49AM
  GEtting rid of SALT is makes absolutely NO sense. -- vt_mughal 11/03/2017 10:18PM
  Are you against estate and capital gains taxes then? ** -- RoswellGAHokie 11/04/2017 09:46AM
  Estate taxes don't make sense, but what's wrong with capital gains? -- CochraneResident 11/04/2017 10:03AM
  You bet ya! Lets move to a flat tax! ** -- EDGEMAN 11/04/2017 09:52AM
  Why keep SALT? What is the principle to not change it? -- HokieHutch 11/04/2017 08:00AM
  SALT is at its heaviest in the northeast -- capitals1 11/03/2017 11:31PM
  And power brokers are in the NE. This isn't going anywhere. -- CochraneResident 11/04/2017 03:13AM
  Your paying money on level of income, -- RTFC 11/03/2017 10:54PM
  Why should residents of low tax states subsidize residents of... -- EDGEMAN 11/04/2017 07:12AM
  You should be federally taxed on your income level -- RTFC 11/05/2017 6:12PM
  That's the argument, but in reality it doesn't hold up... -- BB Hokie 11/04/2017 08:22AM
  It's fairly common knowledge that the GOP states use a -- CochraneResident 11/04/2017 09:08AM
  Pretty good counter argument. ** -- Late 80s Hokie 11/04/2017 08:46AM
  I haven't read the details yet, but I think I may be in the same boat. -- MP4VT2004 11/03/2017 9:47PM
  Need to leave your high tax state/city. ** -- RoswellGAHokie 11/03/2017 9:41PM
  Easier said than done ** -- Brown Water 11/04/2017 07:07AM

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