All Hokie, All the Time. Period.

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vt90

Joined: 12/12/98 Posts: 38191
Likes: 12776


Here is an interesting article ...


Gov Cuomo is very concerned about wealthy New Yorkers who employ many other New Yorkers leaving the state because those wealthy folks will be paying far higher taxes.

Again - there is a TON of misinformation out there about the tax cut. It WAS and IS a massive corporate tax cut in an effort to keep companies from outsourcing as well as moving offshore. Hence the 'and Jobs' part of the Tax Cut and Jobs Act. And yes, the wealthy will benefit from that. However, focusing PURELY on the taxes, the wealthy will pay far more and the lower and middle class will pay slightly less. The whole '80% of the benefits go to the wealthy' was based purely on the corporate tax cuts and those benefits will be seen by anyone who owns stock in companies that can grow as a result.

(In response to this post by VTSnake)

Link: Cuomo - SALT


Posted: 02/12/2019 at 2:30PM



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Current Thread:
 
  
CPA: What % of your clients are actually paying more? -- VaAkita 02/12/2019 12:10PM
  Yes 80 percent paid less in taxes -- capitals1 02/12/2019 1:12PM
  You don't sound snarky. -- MP4VT2004 02/13/2019 12:50AM
  I understand your premise -- RTFC 02/13/2019 10:19AM
  That's not how I understood it -- RTFC 02/12/2019 4:26PM
  Sorry, I didn't explain it very well. -- MP4VT2004 02/13/2019 12:57AM
  Media spinning it ** -- DaveVT 02/12/2019 12:36PM

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