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| Re: When An Election Doesn't Go Your Way (1610630) | |||
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Re: When An Election Doesn't Go Your Way |
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Posted by Henry R32 #3730 on Thu Mar 21 00:14:51 2019, in response to Re: When An Election Doesn't Go Your Way, posted by bingbong on Wed Mar 20 21:44:55 2019. Billionaires only? I got a tax cut. I am not a billionaire. QED the tax cuts were not for billionaires only.The people paying more tax now are people with enough property or taxable income to not only breach the $10,000 cap (which even a $150,000/yr job taxed at NY's 6.65% for that bracket squeaks under) but also are in position to not benefit from the higher standard deduction. Since most NY-ers rent and are not making $150,000/yr, I'd say the rich and upper middle class are the ones paying more. That is why Cuomo is desperate to try to reverse it; the tax cut inspires the most affluent NY-ers to move to areas with lower income and property taxes, which is hurting the bottom line. |
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