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Texas is a taker state so California has been paying to support texas for a very long time. Why the moral hazard now? I’ll be fine if we distribute federal e

by adrr 7y ago

Texas is a taker state so California has been paying to support texas for a very long time. Why the moral hazard now? I’ll be fine if we distribute federal expenditures based on tax collections by state. Means California could lower taxes. https://amp.theatlantic.com/amp/article/361668/ https://amp.theatlantic.com/amp/article/361668/

diebeforei485 7y ago
Texas was and still is a net contributor to the union. California is no longer a net contributor to the union[1], since SALT reform. 1. https://www.mercurynews.com/2020/04/23/newsom-responds-to-mcconnells-offensive-comments-on-states-receiving-federal-aid/ https://www.mercurynews.com/2020/04/23/newsom-responds-to-mc...
- adrr 7y ago
  I don't think you understand that article or how the new tax bill ripped off a million Californians by making them pay tens of thousands extra in taxes. I paid an extra $30k in taxes this year because of that bill. Only being able to deduct $10k taxes made Californias pay more federal taxes. We didn't get anything in return. Thanks for making my point how California pays for everyone else but get nothing in return. Also for 4 of the 5 top employers in Texas are oil companies. Oil production is subsidized by the feds. Texas is a taker. They also will all go bankrupt unless bailed out with California tax money.
  - diebeforei485 7y ago
    Any tax break being taken away makes people feel like they're paying "extra" with nothing new in return. There is no reason for people in other states to subsidize your California state tax payments with a federal tax break.
  - alkibiades 7y ago
    why should you have gotten a federal tax break in the first place just because your state decided to have high taxes? maybe think before electing politicians who raise them if youre upset
marcusverus 7y ago
That Atlantic article is citing an editorial from a personal finance website, written by a journalist. Does that qualify as data?

by adrr 7y ago

diebeforei485 7y ago

Texas was and still is a net contributor to the union. California is no longer a net contributor to the union[1], since SALT reform. 1. https://www.mercurynews.com/2020/04/23/newsom-responds-to-mcconnells-offensive-comments-on-states-receiving-federal-aid/ https://www.mercurynews.com/2020/04/23/newsom-responds-to-mc...

adrr 7y ago
I don't think you understand that article or how the new tax bill ripped off a million Californians by making them pay tens of thousands extra in taxes. I paid an extra $30k in taxes this year because of that bill. Only being able to deduct $10k taxes made Californias pay more federal taxes. We didn't get anything in return. Thanks for making my point how California pays for everyone else but get nothing in return. Also for 4 of the 5 top employers in Texas are oil companies. Oil production is subsidized by the feds. Texas is a taker. They also will all go bankrupt unless bailed out with California tax money.
- diebeforei485 7y ago
  Any tax break being taken away makes people feel like they're paying "extra" with nothing new in return. There is no reason for people in other states to subsidize your California state tax payments with a federal tax break.
- alkibiades 7y ago
  why should you have gotten a federal tax break in the first place just because your state decided to have high taxes? maybe think before electing politicians who raise them if youre upset

marcusverus 7y ago

That Atlantic article is citing an editorial from a personal finance website, written by a journalist. Does that qualify as data?