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Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?


To: Jerome who wrote (6129)8/22/2018 11:05:55 AM
From: Kirk ©3 Recommendations

Recommended By
Investor Clouseau
robert b furman
toccodolce

  Respond to of 26431
 
WRONG!

Federal taxes for the rich in New York, California, Illinois, Washington, Colorado, Oregon and several other blue states with high taxes WENT UP because "the rich" can't deduct their taxes paid in those states beyond for them a token $10K...

Trump actually raised MY taxes too as my property taxes alone are above the threshold.

That is one of the reasons the wealthy in blue states who are democrats HATE Trump... He RAISED THEIR TAXES!

My guess is "taxes for the rich" as a group were up huge if you look at the top 10% of tax revenue paid.

So... you are wrong, as usual. Some of the rich in a few red states get lower overall taxes, but I'm OK with that as they were supporting our tax deductions for state taxes decades.