Most of the following information was from the Wall Street Journal, June 3, 2017.
Hypocrite, Schumer wants to raise taxes on the rich… but then he says, NIMBY…..Not In My Back Yard…..meaning, don’t do it in his state, New York. It’s the rich people in New York who take the deductions….88% of the tax benefits go to taxpayers who earn more than $ 100,000, while 1% go to those who earn less than $ 50,000.
The following mostly liberal blue states claiming the highest share of state and local deductions are:
California 19.6%
New York 13.3%
New Jersey 5.9%
Illinois 5%
Texas 3.9%
Pennsylvania 3.7%
The top 10 liberal blue counties receiving the highest share of reaping the benefits of state and local deductions and whose citizens claim them on their federal income taxes are:
New York County, N.Y. $ 24,898
Marin Co., Calif $ 16,956
San Mateo, Calif $ 15,405
Westchester, NY. $ 14,784
Fairfield, Conn $ 14,784
Santa Clara,Ca $12,562
San Francisco, Ca $ 12,116
Nassau Co, NY $ 11,624
Morris County, NJ $ 11,440
Somerset, NJ $ 11267
THESE STATES ARE ALL RUN BY PROGRESSIVE DEMOCRATS FOR DECADES.
Tens of thousands of northeasterners are fleeing to states like Florida (I was one that left Taxachusetts in the 1970’s) that have no state income tax. Eventually these northeast states’ tax base erosion will sink public pensions and other unfunded liabilities.
HERE’S THE GOOD PART: THE SCHUMER DEMOCRATS HAVE NO STANDING TO STOP REPUBLICANS FROM ELIMINATING THE BLUE STATE TAX BENEFITS IF THEY SIT OUT THE DEBATE. THE GOP ONLY HAS AN INCENTIVE TO DEAL IF SCHUMER DELIVERS AT LEAST 8 DEMOCRATS TO PROVIDE THE 60 VOTES TO MAKE TAX REFORM PERMANENT UNDER SENATE BUDGET RULES. WHAT WILL IT BE, ‘CHUCK SCHUMER’….PLAY OR HAVE YOUR CONSTITUENTS PAY?
Does VENEZUELA come to mind to any of these progressive states? That’s where they are all heading.
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