tag:blogger.com,1999:blog-3758330678390419129.post6170649693376391182..comments2024-02-13T02:39:22.756-05:00Comments on EconomicPolicyJournal.com: Should a Libertarian Support the Elimination of the Local and State Tax Deductions on Federal Income Taxes?Robert Wenzelhttp://www.blogger.com/profile/14296920597416905488noreply@blogger.comBlogger14125tag:blogger.com,1999:blog-3758330678390419129.post-13205179847342555652017-11-04T03:39:31.379-04:002017-11-04T03:39:31.379-04:00If one is going to argue that the deduction of loc...If one is going to argue that the deduction of local taxes is a subsidy for those living in high tax states it needs to be shown that these people in high tax states are receiving the subsidy in some form or fashion. It's a call to support the argument, not an argument that there should be a 'return' of what is paid. Should be is not even considered. <br /><br />The person making a Jimmy Joe Meekerhttps://www.blogger.com/profile/09559104650594440766noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-64199887827493589902017-11-01T21:16:03.058-04:002017-11-01T21:16:03.058-04:00Trying to discern what "money comes back"...Trying to discern what "money comes back" is a Sisyphean task. Is there some reason why the Federal Government needs to tax you and then return it? Any task that requires that the Feds rebate money to you locally should be handled locally in the first place.Brindlehttps://www.blogger.com/profile/16381088112547118251noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-34313083440047630562017-11-01T21:12:23.506-04:002017-11-01T21:12:23.506-04:00One thing to remember is that typically state and ...One thing to remember is that typically state and local governments cannot finance their overspending with persistent deficit spending. The Federal Government can and does as we all know. We all assume that at some point the chickens will come home to roost. If I felt that the SALT somehow decreased spending at any level; local, state or federal, that would be one thing. But I doubt that it Brindlehttps://www.blogger.com/profile/16381088112547118251noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-14513932093557817132017-11-01T20:15:47.158-04:002017-11-01T20:15:47.158-04:00The flaw with this this subsidy argument is that n...The flaw with this this subsidy argument is that numerous high tax states are net losers on the federal level. That is more tax is paid to the federal government from them than what they get from the federal government. <br /><br />For the high tax state I live in, 74 cents comes back for every dollar. So how on earth are you subsidizing me through federal taxation? Unless you live in NJ, the Jimmy Joe Meekerhttps://www.blogger.com/profile/09559104650594440766noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-80593991579014984512017-11-01T19:25:56.001-04:002017-11-01T19:25:56.001-04:00@Evan Smiley
Sometimes semantics are important. Is...@Evan Smiley<br />Sometimes semantics are important. Is there a part of the argument that you cannot follow due to the loose yet accurate-in-spirit use of the word?<br /><br />Also, do you have an argument? I see you post here, so I'm curious. I assume you're pro-SALT deduction from your comment. Principled Libertarianhttps://www.blogger.com/profile/05229735032274089683noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-35057181332934113962017-11-01T17:42:44.543-04:002017-11-01T17:42:44.543-04:00Deduction =/= SubsidyDeduction =/= SubsidyAnonymoushttps://www.blogger.com/profile/11968441656658845395noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-54800253883430739512017-11-01T17:33:36.306-04:002017-11-01T17:33:36.306-04:00Sorry for the double post (thought it was lost and...Sorry for the double post (thought it was lost and had to re-create the last part); and also, sorry about it being a reply to Mark A. It was meant as a general reply to the commenters.Principled Libertarianhttps://www.blogger.com/profile/05229735032274089683noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-37267184565375772852017-11-01T16:31:26.121-04:002017-11-01T16:31:26.121-04:00Wow, there's a lot of marginal analysis missin...Wow, there's a lot of marginal analysis missing in these comments!<br />Also, it's pretty obvious that the people in the pro:SALT camp all live in high income tax states, like NY and Cali. <br /><br />Guys, I get that you want me to subsidize your SALT bill, but don't confuse that with economic analysis. <br /><br />It sounds like you guys might be upset to lose your subsidy. But Principled Libertarianhttps://www.blogger.com/profile/05229735032274089683noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-46007658583771205622017-11-01T16:24:38.324-04:002017-11-01T16:24:38.324-04:00Wow, there's a lot of marginal analysis missin...Wow, there's a lot of marginal analysis missing in these comments!<br />Also, it's pretty obvious that the people in the pro:SALT camp all live in high income tax states, like NY and Cali. <br /><br />Guys, I get that you want me to subsidize your SALT bill, but don't confuse that with economic analysis. <br /><br />It sounds like you guys might be upset to lose your subsidy. But Principled Libertarianhttps://www.blogger.com/profile/05229735032274089683noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-36555886425236681772017-11-01T14:12:13.341-04:002017-11-01T14:12:13.341-04:00Hi Bob -
I'm interested in hearing your thoug...Hi Bob -<br /><br />I'm interested in hearing your thoughts on the proper libertarian strategy analysis on the so-called Flat Tax. There are a few bits to the Flat Tax proposal but the key elements, from a libertarian point of view, are (1) it's a revenue neutral replacement tax on consumption (2) the expected cost of compliance is dramatically less than the current income tax. Let'Mark Ahttps://www.blogger.com/profile/17964001152455407190noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-66192927306651486812017-11-01T14:10:58.350-04:002017-11-01T14:10:58.350-04:00"One of the main arguments for bringing in th..."One of the main arguments for bringing in the income tax in the early twentieth century was that now, in contrast to the indirect tariff, everyone would directly feel such a tax, and therefore the public would rise up to keep taxes low. Obviously it didn’t work that way." <br /><br />Exactly! <br /><br />Even policies so bad that they usher in a new dark age would probably not Randy Rosaleshttps://www.blogger.com/profile/06728194631572654271noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-55619430276664223582017-11-01T13:29:25.309-04:002017-11-01T13:29:25.309-04:00To think that Albany (New York's capital) will...To think that Albany (New York's capital) will all of a sudden embrace common economics because the Feds shift the tax burden is an awful argument. If anything they (Albany) will just double downNY Cynichttps://www.blogger.com/profile/05131625126863049626noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-53238283825715262872017-11-01T12:20:27.509-04:002017-11-01T12:20:27.509-04:00As a someone living in the Republic of California ...As a someone living in the Republic of California I am confident that CA will lower its taxes when the Feds eliminate state tax deductions. I have already made plans to adjust my financial activity because I am sure state and local gunverments will lower taxes. Not only after the deductions have been eliminated, but before because these gunvernments are very concerned about the tax burdens they AlexZouglehttps://www.blogger.com/profile/09903419350475485505noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-31781939468432672662017-11-01T09:44:45.761-04:002017-11-01T09:44:45.761-04:00"Government is the great fiction where everyo..."Government is the great fiction where everyone endeavors to live at the expense of everyone else." -Bastiat. <br /><br />This what needs to remembered about taxation. It's all about shifting the burdens around. As such there will be no lowering of state or other taxes with the elimination of the deduction. The vast majority of these taxes are how people socialize the costs of theirJimmy Joe Meekerhttps://www.blogger.com/profile/09559104650594440766noreply@blogger.com