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Eliminate the loopholes and taxes will go down

Posted on: November 16, 2017 at 12:29:26 CT
Spanky KU
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Why do you think California and New York are upset that state income tax will no longer be deductible? It insulated these high tax states from voter revolt and that protection is being eliminated.

I hope the result is lower taxes overall and a corresponding decrease in spending

Edited by Spanky at 12:30:07 on 11/16/17
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Spanky's representations are unreliable - Knucklehead MU - 11/16 12:05:56
     And yet you don’t think that’s bad policy - Spanky KU - 11/16 12:13:44
          If I was getting 20Kto 50K in free tuition - tman KC - 11/16 12:35:24
               How are you going to afford to pay $10k in taxes? - Badird MU - 11/16 12:47:56
                    Gee it is called work. I did it will in gradschool - tman KC - 11/16 12:55:22
                         I had a job as well. I worked throughout all of my schooling - Badird MU - 11/16 12:59:49
                              Were you paying a tuition bill? - tman KC - 11/16 13:01:36
                                   I paid some tuition. I worked part time of the University. - Badird MU - 11/16 13:10:31
          It is income, so are unrealized capital gains - Knucklehead MU - 11/16 12:19:49
               Unrealized capital gains are not income until you sell the - Spanky KU - 11/16 12:22:09
                    They are economic income - Knucklehead MU - 11/16 12:24:01
                         They are economic income but not yet recognized as income - SparkyStalcup MU - 11/16 12:27:19
                              Matching problem - similar problem re: tuition assistance - Knucklehead MU - 11/16 12:33:59
                                   RE: Matching problem - similar problem re: tuition assistance - ummmm MU - 11/16 12:43:04
                                   No it doesnt. It is current income. The can decline the - tman KC - 11/16 12:38:52
                                        Tuition is a business expense for the student - Knucklehead MU - 11/16 13:00:12
                                             So what. Same as if the cashed in Stock to pay the bill - tman KC - 11/16 13:03:06
                              The nuances of organized theft. (nm) - ummmm MU - 11/16 12:32:45
                              Just like your 401K gains are not taxable income(nm) - tman KC - 11/16 12:30:50
          Should we tax football players who receive free tuition? - Badird MU - 11/16 12:15:46
               yes - Spanky KU - 11/16 12:20:22
                    All scholarships are taxable, but recipients can deduct - SparkyStalcup MU - 11/16 12:28:50
                    Because taxation is theft - ummmm MU - 11/16 12:26:39
                    RE: yes - Badird MU - 11/16 12:20:57
                         Eliminate the loopholes and taxes will go down - Spanky KU - 11/16 12:29:26
                              I dont disagree, just odd hearing you toe the party line - Badird MU - 11/16 12:32:40
                                   What party line? I think the problem is with spending - Spanky KU - 11/16 12:36:16
                                        I agree with all of that except the flat tax. - Badird MU - 11/16 12:37:37
                                             The most equitable tax plan is a flat tax or a national - Spanky KU - 11/16 12:38:57
                                                  I dont disagree, but Ive been on both sides of the spectrum - Badird MU - 11/16 12:45:27
                                                       What you are discounting is that help/aide - tman KC - 11/16 12:52:53
               as well as kids who get academic money - catbirdseat MU - 11/16 12:18:15
                    Yes(nm) - tman KC - 11/16 12:19:02
               Yes, and the schools can provide a stipend to cover it - tman KC - 11/16 12:17:40
                    More taxes, eh? JGCW? nm - Badird MU - 11/16 12:20:41
                         Under the plan yes(nm) - tman KC - 11/16 12:31:41
     Spanky's pretty reliable for half the story. - Toger STL - 11/16 12:08:04
          Better than libs that give just the made up headline(nm) - tman KC - 11/16 12:18:34




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