Thursday on CNN’s “New Day,” Gov. Andrew Cuomo (D-NY) said the Republican tax law could be unconstitutional “double taxation.”
Cuomo said, “One of the devilish things in the bill, they eliminate the deductibility of state taxes, and it is a mouthful but what it says is up until now, over 100 years, you pay the local tax and state tax and deducted that from your federal tax, and they are eliminating that. You are now paying two taxes. You pay a tax to the [state] or local government, and then the federal government taxes that tax. It happens to occur coincidentally only in blue states only Democratic states.”
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14 comments:
16 dollars for a draft beer in NYC. 13.9 percent in taxes to his residence and he is complaining about taxes?
So Cuomo, when I earn money and pay taxes on it and then invest my money I get to pay taxes again. Is that "Double" taxation you stupid crook?
How about taxing my same property over and over again?
You stupid libtard dumbocrats aren't afraid of ANY taxes are you?
It's been too long that the federal government (Read red state tax payers) have been subsidizing your bloated corrupt blue state policies.
Every thing he said in that interview is WRONG ! but the media will never point it out , in the way that they so frequently do to everything Mr. Trump says .
Well, if that's the case, then STOP taxing our Social Security Checks. We already paid taxes on this money and they are taxing us AGAIN!!!
Hey I've got a great idea. Why don't you reduce your your state taxes that are so stinking high and give you your own residence a break.
IIRC, the new law caps the deduction for state and/or local taxes at 10K (unsure if that is per tax or combined). So if you have a regular house you're probably still going to be able to deduct. If you have chosen a McMansion, you'll still get up to 10K to deduct.
Similar to provisions on the amount of mortgage interest that can be deducted which have been around for a few years.
NY, CA and others like states have been able to jack taxes knowing their citizens could write off the state taxes on their federal return. In other words, the feds (i.e. the rest of the nation) were subsidizing their out of control socialist state choices.
Maybe Cuomo and Jerry Brown will consider Rain Taxes?
"So Cuomo, when I earn money and pay taxes on it and then invest my money I get to pay taxes again. Is that "Double" taxation you stupid crook?"
No, Mr. Cumo, we've moved out of stupidly run states like you own. Get away from my SSA check and stop blaming others when you don't. I know homeless with more character than you!
So, what has changed?
Isn't paying state and federal taxes on your income double taxation? I am being taxed twice on the same money, my wages!
He can't lower the citizens taxes because of entitlements going to illegals.
How can this be since Democrats know NOTHING!! about the constitution!! or economics!!
8:27 Please explain that to Warren Buffet.
He is for the tax plan dummy.
Obamacare is illegal but everybody looked the other way..It was ruled by the Supreme court to be a tax but all tax legislation must start in the House of representatives and Obamacare didn't.
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