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rangerrebew

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‘Diabolical’: Gov Cuomo and blue state Dems blame Trump as citizens flee for low-tax red states
« on: February 06, 2019, 04:19:25 pm »

‘Diabolical’: Gov Cuomo and blue state Dems blame Trump as citizens flee for low-tax red states
February 5, 2019 

Chris White, DCNF
 

New York Gov. Andrew Cuomo and other public officials from blue states are blaming President Donald Trump’s tax overhaul for people moving to Texas and Florida where the tax burden is less burdensome.

The Democratic governor said Monday that changes to the federal tax law resulted in his state losing $2.3 billion in tax revenue. The 2017 law capping deduction for state and local taxes at $10,000 is the reason for the shortfall and immigration out of the state, he said at a press conference.

“That’s a $2.3 billion drop in revenues. That’s as serious as a heart attack. This is worse than we had anticipated,” Cuomo said. “I don’t believe raising taxes on the rich. That would be the worst thing to do. You would just expand the shortfall. God forbid if the rich leave.” He called the decision to cap deductions “a diabolical political maneuver” designed to help red states.

https://www.bizpacreview.com/2019/02/05/diabolical-gov-cuomo-and-blue-state-dems-blame-trump-as-citizens-flee-for-low-tax-red-states-721186
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Online DCPatriot

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Re: ‘Diabolical’: Gov Cuomo and blue state Dems blame Trump as citizens flee for low-tax red states
« Reply #1 on: February 06, 2019, 04:24:28 pm »
Related:

In Maryland, when real estate is transferred/sold, and it's not the seller's primary residence, a surplus tax is collected from Seller's proceeds on the HUD-1.

Look for New York to enact a similar law to penalize Sellers...an exit tax.
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Offline goatprairie

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Re: ‘Diabolical’: Gov Cuomo and blue state Dems blame Trump as citizens flee for low-tax red states
« Reply #2 on: February 06, 2019, 04:58:51 pm »
Quote from: DCPatriot on February 06, 2019, 04:24:28 pm
Related:

In Maryland, when real estate is transferred/sold, and it's not the seller's primary residence, a surplus tax is collected from Seller's proceeds on the HUD-1.

Look for New York to enact a similar law to penalize Sellers...an exit tax.
Exit tax.....sort of like a NY Democrat-leftist version of the Berlin Wall. If they can't keep you in under threat of being shot, they'll try to take as much of your dough as possible to hurt you for leaving their socialist paradise.
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Offline Weird Tolkienish Figure

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Re: ‘Diabolical’: Gov Cuomo and blue state Dems blame Trump as citizens flee for low-tax red states
« Reply #3 on: February 06, 2019, 05:05:46 pm »
If you file separately, the deduction is capped at $5000 per person.
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Offline Free Vulcan

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Re: ‘Diabolical’: Gov Cuomo and blue state Dems blame Trump as citizens flee for low-tax red states
« Reply #4 on: February 06, 2019, 05:05:58 pm »


It is all an insidious and nefarious bourgeoisie capitalist pig plot! We will bury you! Viva la revolucion!
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Offline Wingnut

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Re: ‘Diabolical’: Gov Cuomo and blue state Dems blame Trump as citizens flee for low-tax red states
« Reply #5 on: February 06, 2019, 05:16:00 pm »
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Re: ‘Diabolical’: Gov Cuomo and blue state Dems blame Trump as citizens flee for low-tax red states
« Reply #6 on: February 06, 2019, 05:51:09 pm »
So now they are trying to stop people from voting with their feet!  Quite predictable actually.
 
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Online LMAO

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Re: ‘Diabolical’: Gov Cuomo and blue state Dems blame Trump as citizens flee for low-tax red states
« Reply #7 on: February 06, 2019, 11:37:35 pm »
People have been leaving these  states  before Trump was elected.
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Offline IsailedawayfromFR

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Re: ‘Diabolical’: Gov Cuomo and blue state Dems blame Trump as citizens flee for low-tax red states
« Reply #8 on: February 07, 2019, 02:13:49 am »
Beware the attempt by NY of collecting state income taxes for retirement income which accrued during the time one worked in that state.

It is burning on the back burner.
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