4 ms·
You are paying more money than you did before, but because of a deduction cap not an increase in tax rate. You still have the same gross tax bill from state and
by maccio92 8y ago
You are paying more money than you did before, but because of a deduction cap not an increase in tax rate. You still have the same gross tax bill from state and federal, but you can no longer deduct the entirety of those state taxes from your federal taxes. The same amount of money is going to the social programs in your state through those taxes, and at the same time there is more money going to federal taxes. I'm not sure what you're referring to when you say these social programs are getting less money.
- scarejunba 8y agoHe’s claiming that high taxes are not an end for people like him, they are a means to an end. If the end is not achieved via the means then the means are undesirable. If I had to hypothesize I might venture to say that were the President to pass a bill raising taxes progressively on the most wealthy while keeping spending on social programs the same, he would oppose it. As a third party, I’d say I find this to be the highest likelihood interpretation of what he told you and so by far.