Why is there even a Federal Tax?

  • solak

    Posts: 493

    Aug 04, 2010 12:50 AM GMT
    ..considering..

    $123,322 in New York standard of living

    =

    $50,000 in Houston standard of living

    http://www.nydailynews.com/money/2009/02/05/2009-02-05_nyc_so_costly_you_need_to_earn_six_figur.html

    due to insane costs in NJ/NY/CT area where annual property taxes for a 3 bedroom in North NJ can be $19,000+ (probably only $5k-$8k in Los Angeles, Chi, SF, etc)


    ..shouldn't taxes be more regional or via states where local costs are taken into consideration..

    otherwise NJ/NY/CT and will continue subsidizing national services for the rest of the countryicon_eek.gif

    i can only imagine a small family in the Tri-State trying to save for their kids' college, pay for daycare, and stay current with those insane property taxes at the same time.
  • Posted by a hidden member.
    Log in to view his profile

    Aug 04, 2010 1:03 AM GMT
    Wages often reflect standard of living costs, though sometimes the wages are not inflated enough. 48% of the people paid income taxes. The income is simply higher in the northern states. Since we are comparing NYC to Houston, we can compare NY to TX. New York might get more federal money for more programs than Texas does. Thus, New York and other northern states may get more handouts. Many of the Southern states have balanced budgets. Texas can not pass a state budget which will take them into debt. Property taxes are state based.

    Down here in the South and the West, the state sales taxes are much higher than Northeast. We pay 8.25%.
    In Houston, $50,000 would fetch you quite a comfortable living. I can only say in New York it would also be comfortable.
    The article is for NEW YORK CITY-which is known for its high elitism and high cost of living. It is more better in finance, politics, media, culture, art, fashion, research, education, and leisure, than Houston. Houston can not be compared to New York City in that aspect. NYC gets a lot more tourism than Houston.

    The other aspect is demand. More people want to live in NYC than Houston. NYC will thus be more expensive. Population density is the biggest factor. Rent is often the most costly expense people have. There is less land available for people in NYC, its cost will be higher. Houston population density is relatively low. The demand for land is quite near the supply of land. Thus, there is less value for Houston land.

    IRS allows deduction for mortgages. Thus a citizen living in the Tri-state area would have other bigger itemized deductions.
  • DCEric

    Posts: 3713

    Aug 04, 2010 1:59 AM GMT
    How do I put this gently? Solak, you have no idea what you are talking about. You posted the title about Federal taxes, and then you dived into local taxes, and depending about which state we focus on, state taxes. Could you please know what you are talking about before you post? Also, if you aren't paying it, and it isn't hurting you, what do you care about NYC taxes? I mean sure, be fascinated (I am), but my family that lives up there does manage just fine to pay taxes and other bills.
  • Posted by a hidden member.
    Log in to view his profile

    Aug 04, 2010 2:00 AM GMT
    Since when are property taxes "Federal"?
  • Posted by a hidden member.
    Log in to view his profile

    Aug 04, 2010 2:00 AM GMT
    DCEric saidHow do I put this gently? Solak, you have no idea what you are talking about. You posted the title about Federal taxes, and then you dived into local taxes, and depending about which state we focus on, state taxes. Could you please know what you are talking about before you post?


    Is it a possibility that Solak is Southbeach.

    They both do begin with S and they both don't quite get the hang of it...
  • Posted by a hidden member.
    Log in to view his profile

    Aug 04, 2010 2:04 AM GMT
    I say screw them all.

    Let's do away with them
  • metta

    Posts: 39133

    Aug 04, 2010 2:21 AM GMT
    Whatever it costs to live in NYC....people who live there and love it will live there no matter how much it costs....as long as they can.

    The article does not even mention taxes.

    Obviously, each State has different ways to pay for things. In California, we have prop 13 which limits basic property taxes to 1% plus a maximum of 2% annual increases. California's state government has gone through great pains because of prop 13, but I'm sure glad that we have it because I can't afford to pay the rates that some of the other states charge, especially when considering the price of housing in California versus the other states.

    BTW: Have you seen our Federal Debt? Have you seen how much we spend on defense compared to other countries? Have you seen the money we spend on putting people in jail for using or selling mary jane? I believe in paying taxes, but I do think that there are areas that we need to cut in order to slow down the debt.
  • Posted by a hidden member.
    Log in to view his profile

    Aug 04, 2010 2:43 AM GMT
    southbeach1500 said
    MadeNUSA said

    Is it a possibility that Solak is Southbeach.

    They both do begin with S and they both don't quite get the hang of it...

    Nope.... but clearly you are obsessed with me (along with many others on here being obsessed with me). Must be tough for you... nobody ever writes anything about you... because you are a big zero... a nothing.

    Now wipe that idiotic grin off your profile photo....

    Yes, you clearly look happy. That is just unacceptable. There's a Democrat president in the office, for God's sake.
  • Posted by a hidden member.
    Log in to view his profile

    Aug 04, 2010 2:58 AM GMT
    I think we should get rid of ALL taxes!

    Who needs a police department? Public schools? Fire departments, or EMS? Public lawyers? Snow removal? Road crews (or even roads for that matter)?
  • Posted by a hidden member.
    Log in to view his profile

    Aug 04, 2010 4:09 AM GMT
    The best thing this country can do is abolish the federal income tax or make it a flat tax at say 10%. That would be the fair way of doing things, everyone pays a 10% flat tax. To bring the deficit down cut government down to only military, infrastructure and education. On the state and local levels, we only need a police department and a fire department. That is it, cut everything else out, as it is not needed.
  • Posted by a hidden member.
    Log in to view his profile

    Aug 04, 2010 4:13 AM GMT
    CHRISMA saidThe best thing this country can do is abolish the federal income tax or make it a flat tax at say 10%. That would be the fair way of doing things, everyone pays a 10% flat tax. To bring the deficit down cut government down to only military, infrastructure and education. On the state and local levels, we only need a police department and a fire department. That is it, cut everything else out, as it is not needed.


    Flat taxes disproportionately favor the wealthy and high earners. A progrssive incoem tax is actually necessary to democracy. Please review the past 8 years when taxes were brought down on the wealthy and then inequality expanded and the economy crashed. It happens every time. Gilded Age. Check. Reagan Revolution. Check. George W. Bush administration. Check.

    And screw the military. I'd cut that by 75% easily.

    You obviously have no idea what goes into managing cities the size of New York. For someone who is so quick to claim others don't' know what they're talking about, you're certainly not shy about demonstrating your own substantial ignorance.
  • Posted by a hidden member.
    Log in to view his profile

    Aug 04, 2010 4:14 AM GMT
    CHRISMA saidThe best thing this country can do is abolish the federal income tax or make it a flat tax at say 10%. That would be the fair way of doing things, everyone pays a 10% flat tax. To bring the deficit down cut government down to only military, infrastructure and education. On the state and local levels, we only need a police department and a fire department. That is it, cut everything else out, as it is not needed.

    NO! Did you think before you posted this?
    Someone who makes a million dollars, 10% doesn't matter. What about the one who makes below the poverty line?

    What about health care? Just kill all the sick people?
    Flat tax rates are not going to work. Progressive tax rates are the way to go.
    Where would the money come from for military, infrastructure and education if you abolish the federal tax?
  • Posted by a hidden member.
    Log in to view his profile

    Aug 04, 2010 4:24 AM GMT
    carmineastoria said
    CHRISMA saidThe best thing this country can do is abolish the federal income tax or make it a flat tax at say 10%. That would be the fair way of doing things, everyone pays a 10% flat tax. To bring the deficit down cut government down to only military, infrastructure and education. On the state and local levels, we only need a police department and a fire department. That is it, cut everything else out, as it is not needed.

    NO! Did you think before you posted this?
    Someone who makes a million dollars, 10% doesn't matter. What about the one who makes below the poverty line?

    What about health care? Just kill all the sick people?
    Flat tax rates are not going to work. Progressive tax rates are the way to go.
    Where would the money come from for military, infrastructure and education if you abolish the federal tax?


    Carmine - This guy is on his third or fourth username; each more extreme and ignorant than the previous one. Like other "tea baggers", he has no idea what he's talking about and just repeats the talking points that his billionaire overlords put in his mouth.
  • Posted by a hidden member.
    Log in to view his profile

    Aug 04, 2010 11:07 AM GMT
    carmineastoria saidWages often reflect standard of living costs, though sometimes the wages are not inflated enough. 48% of the people paid income taxes. The income is simply higher in the northern states. Since we are comparing NYC to Houston, we can compare NY to TX. New York might get more federal money for more programs than Texas does. Thus, New York and other northern states may get more handouts. Many of the Southern states have balanced budgets. Texas can not pass a state budget which will take them into debt. Property taxes are state based.


    Actually the federal money - taking more than they're giving - is pretty much the province of states that vote republican. Texas is an exception, but it still gets a higher percentage than NY, CT, MA, or NJ.

    http://democraticactionteam.org/redstatesocialism/index.html

    carmineastoria saidDown here in the South and the West, the state sales taxes are much higher than Northeast. We pay 8.25%.
    In Houston, $50,000 would fetch you quite a comfortable living. I can only say in New York it would also be comfortable.
    The article is for NEW YORK CITY-which is known for its high elitism and high cost of living. It is more better in finance, politics, media, culture, art, fashion, research, education, and leisure, than Houston. Houston can not be compared to New York City in that aspect. NYC gets a lot more tourism than Houston.

    The other aspect is demand. More people want to live in NYC than Houston. NYC will thus be more expensive. Population density is the biggest factor. Rent is often the most costly expense people have. There is less land available for people in NYC, its cost will be higher. Houston population density is relatively low. The demand for land is quite near the supply of land. Thus, there is less value for Houston land.

    IRS allows deduction for mortgages. Thus a citizen living in the Tri-state area would have other bigger itemized deductions.
  • solak

    Posts: 493

    Aug 04, 2010 3:04 PM GMT
    carmineastoria said

    IRS allows deduction for mortgages. Thus a citizen living in the Tri-state area would have other bigger itemized deductions.


    there's a $1MM limit in acquisition debt interest tax deduction..

    avg home price in Manhattan is $1.6MM..

    soon the only people who'd be able to live there are public employees..

    http://www.realjock.com/gayforums/1048968

    itemized deductions limited to AGI galore.. (health = 7.5%, job = 2%, charity = 50%, etc, etc) so its almost a double tax for so called "high-earners" in the tri state who have to pay double in rent from the next most expensive city (SF), and are further penalized with federal tax thresholds.

    re: AMT (alternative min tax) which has only been patched and never truly fixed by Congress.. you have families with kids making $150k paying $10k+ property tax in their tiny 3/1 NJ home who get hit with it...

    ...which means the property taxes, exemptions, job expenses, state tax all can't be itemized to full extent..