Welcome Guest [Log In] [Register]
Add Reply
The Blue State Blues; Equity in Taxing
Topic Started: Aug 4 2010, 12:53 PM (228 Views)
Deleted User
Deleted User

From the Wall Street Journal:


One irony of the tax increase that arrives on January 1 is that the it will hit residents of high-income, Democratic-leaning states like California, Connecticut, New Jersey and New York the hardest. This is a problem for pro-tax Democrats.

Enter New York Representative Jerrold Nadler, who wants to exempt his own six-figure constituents from the tax hike he supports. Mr. Nadler's bill would "require the IRS to adjust tax brackets proportionally in regions where the average cost of living is higher than the national average."

In other words, the various tax brackets would apply to residents in certain regions at higher income levels versus other parts of the country. A family with an income of $50,000 or even $1 million in Manhattan would pay less federal income tax than a family with the same earnings in Omaha. The bill is called the Tax Equity Act, but a more accurate title would be the Blue State Tax Preference Act.

"The basic costs of life in the New York region are much steeper than in most parts the country," says Mr. Nadler. "The reality is that a dollar in New York isn't worth nearly as much as a dollar in Spokane or Knoxville or Topeka. It's time for our tax code to take reality into account when assessing someone's tax liability."

That point about "reality" and the tax code could certainly use some fleshing out, but leave that aside. A big reason the cost of living is so high in Boston, Manhattan and San Francisco is because of high state and local taxes, union work rules, and heavy business regulation that make it more expensive to produce, sell and buy things.

Why should someone in Spokane or Knoxville or Topeka be penalized because New York and California impose destructive policies? Mr. Nadler also conveniently forgets that the federal tax code already subsidizes high-cost states through the deductibility of state and local income and property taxes.

An all-star line-up of liberal class warriors has nonetheless endorsed Mr. Nadler's effort to raise taxes on the rich everywhere but in their own districts. New York House Members Tim Bishop, Steve Israel, Nita Lowey, Carolyn Maloney and Carolyn McCarthy are cosponsors. Ms. Lowey, who has voted to tax anything that moves, now says that "When it comes to the tax code, one size just doesn't fit all" and laments that New York has "some of the highest property taxes in the country." But whose fault is that?

So welcome to the brave new world of "tax equity." If you live in a state that voted for Barack Obama, you get a tax cut.
Quote Post Goto Top
 
wingedwheel
Member Avatar
Not Pictured Above
I posted something on this a week or so ago.

http://s1.zetaboards.com/Liestoppers_meeting/topic/3623349/1/#new

I will just repost what I said there here...

A few hings come to mind. First if they don't like paying so much taxes they can lower federal taxes and lobby local politicians to lower state taxes. Or they could pack up and move and to some low tax state.....and then ruin it in a few decades with more high taxes. Next would congress be setting themselves up for court challenges having special rates depending on where you live. And finally democrats love to complain that tax cuts take money away from the government that they need. Wouldn't lowering taxes in favored regions reduce what the government have to spend waste?
Offline Profile Quote Post Goto Top
 
kbp

It's election year.
Online Profile Quote Post Goto Top
 
cks
Member Avatar

This is typical Nadler thinking. We would all be done a favor if his constituents voted him out of office come November. However, I doubt that "his corpulence" will be going anywhere other than back to Congress where he can propose similar harebrained ideas.
Offline Profile Quote Post Goto Top
 
Baldo
Member Avatar

Nadler I remember him from 2008 campaign

I just came from an Jerrold Nadler event at the Boca Raton synagogue where he was lying through his teeth to make the case that Obama was good for Israel.

Words uttered today by Obama surrogate, high profile congressman (8th district New York) are devastating to Obama's character and lack of spine.

Nadler would love to take back words uttered today at 4:45 in Boca Raton (the mouth of the rat)
Nadler is asked how Obama could sit in Reverend Jeremiah Wright's church for 500 Sundays listing to the anti-semitic, anti-American diatribes

"This is not going to be complimentary to Senator Obama ..... he didn't have the political courage to make a statement and walk out."
http://atlasshrugs2000.typepad.com/atlas_shrugs/2008/11/gerald-nadler-c.html


Yet Nadler was supporting him.

Nadler is a disgusting Politician

BTW how is that Obama vote turning out for supporters of Israel and those who discounted 20 years of Black Liberation Theology?
Edited by Baldo, Aug 5 2010, 08:26 AM.
Online Profile Quote Post Goto Top
 
1 user reading this topic (1 Guest and 0 Anonymous)
« Previous Topic · LIESTOPPERS UNDERGROUND · Next Topic »
Add Reply