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Posted
  On 1/18/2018 at 9:42 PM, /dev/null said:

And paying several billion to the Federal coffers

 

Mere crumbs according to Nancy

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Hahaha, those people are slowly crumbling away. Even all the "resistance"  people that surround me in LA are falling silent.

 

Let the !@#$ing Golden Age begin...

 

Posted
  On 1/18/2018 at 9:49 PM, OJABBA said:

 

Hahaha, those people are slowly crumbling away. Even all the "resistance"  people that surround me in LA are falling silent.

 

Let the !@#$ing Golden Age begin...

 

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With Trump it's not so much a "Golden" Age as a "Cheeto Orange" Age

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Posted

Funny story out of Sacramento: CA Dems are now worried that the new tax bill, which eats into the tax breaks typically given to the uber-wealthy Californias, will making the uber-wealthy leave the state. Brown calls it 'an assault by Republicans in Congress.' :lol:

 

Meanwhile, the state is trying to pass a bill that would allow Californians to write off their state taxes on their federal returns as charity.

 

No. I'm not kidding.

 

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But now, with the federal tax bill cutting off deductions that benefited well-off Californians, the state’s Democrats suddenly are singing the GOP song about a potential millionaire exodus.
 

“People with higher incomes pay a lot more money, and some of them may be tempted to leave,” Gov. Jerry Brown said when he unveiled his 2018-19 budget proposal last week. “This was an assault by the Republicans in Congress against California.”


That fear animates Senate President pro tem Kevin de León’s bill that would allow California residents to write off their state taxes on their federal returns as a charitable deduction, as well as other proposals that Assembly leaders have hinted they’re preparing to offer. De Leon’s bill cleared a second committee this week and is on its way to a vote on the Senate floor. Trump administration officials say it won’t pass muster with the IRS.

 

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Posted
  On 1/18/2018 at 10:44 PM, LABillzFan said:

Meanwhile, the state is trying to pass a bill that would allow Californians to write off their state taxes on their federal returns as charity.

 

No. I'm not kidding.

 

 

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It's almost like these (*^*&%^$^#liberals have never heard of the Supremacy Clause.

Posted
  On 1/18/2018 at 10:44 PM, LABillzFan said:

?Funny story out of Sacramento: CA Dems are now worried that the new tax bill, which eats into the tax breaks typically given to the uber-wealthy Californias, will making the uber-wealthy leave the state. Brown calls it 'an assault by Republicans in Congress.' :lol:

 

Meanwhile, the state is trying to pass a bill that would allow Californians to write off their state taxes on their federal returns as charity.

 

No. I'm not kidding.

 

 

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 And why don't they believe this would be a violation of federal law?

Posted
  On 1/19/2018 at 1:26 AM, TakeYouToTasker said:

 And why don't they believe this would be a violation of federal law?

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Oh, come on.  What good, hard core, rich democrat unhappy about his/her federal taxes going up wouldn't want to double down and guarantee they get audited, pay those same taxes (eventually) along w/ penalties and interest and if they do it often enough also face criminal charges?.  Looks win/win from here. :wacko:

Posted
  On 1/19/2018 at 1:26 AM, TakeYouToTasker said:

 And why don't they believe this would be a violation of federal law?

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Frankly, the funniest part of this entire issue is how it flies in the face of the semi-annual NYT/Huffpo Op-ed written by some uber-rich dude (like Gates or Buffett), explaining how they would be happy to pay more in taxes, while urging for higher taxes on the uber-wealthy.

 

But the minute they have to actually GIVE more, guess who's pulling up stakes?

 

Posted
  On 1/19/2018 at 3:49 AM, LABillzFan said:

 

Frankly, the funniest part of this entire issue is how it flies in the face of the semi-annual NYT/Huffpo Op-ed written by some uber-rich dude (like Gates or Buffett), explaining how they would be happy to pay more in taxes, while urging for higher taxes on the uber-wealthy.

 

But the minute they have to actually GIVE more, guess who's pulling up stakes?

 

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Already has happened to some extent. Hundreds of movie star millionaires have “permanent” residency in states like Idaho to avoid the CA state taxes. Of course they “visit” their California “vacation “ home(s) for months at a time. !@#$ing hypocrites. 

Posted
  On 1/19/2018 at 1:26 AM, TakeYouToTasker said:

 And why don't they believe this would be a violation of federal law?

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Because they are idiots if this is even true.   Politicians are really daft but I can't imagine even they think they can make any changes to Fed tax law.  Now if they want to allow CA to deduct all their CA taxes from their CA tax return..............wait.  :wacko:

Posted
  On 1/19/2018 at 11:11 PM, Chef Jim said:

 

Because they are idiots if this is even true.   Politicians are really daft but I can't imagine even they think they can make any changes to Fed tax law.  Now if they want to allow CA to deduct all their CA taxes from their CA tax return..............wait.  :wacko:

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Here is their latest plan: make CA companies getting a windfall from the tax break give half of it to the state.

 

  Quote

 

A proposed Assembly Constitutional Amendment by Assemblymen Kevin McCarty, D-Sacramento, and Phil Ting, D-San Francisco, would create a tax surcharge on California companies making more than $1 million so that half of their federal tax cut would instead go to programs that benefit low-income and middle-class families.

“Trump’s tax reform plan was nothing more than a middle-class tax increase,” Ting said in a statement. “It is unconscionable to force working families to pay the price for tax breaks and loopholes benefiting corporations and wealthy individuals. This bill will help blunt the impact of the federal tax plan on everyday Californians by protecting funding for education, affordable health care, and other core priorities.”

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