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Re: The Estate tax repeal 

By: zzstar in BAF | Recommend this post (2)
Tue, 07 Nov 17 5:26 AM | 102 view(s)
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Msg. 00412 of 06530
(This msg. is a reply to 00410 by Beldin)

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Tney don’t control the states, but the result is the same. Taxes taken twice. Furthermore these states have enormous needs as they support the nation with their economic and technology/industrial output, esides them paying more than they take in to tne Feds. If it weren’t for these sates we’d be a third world shithole.

So, all that jas to figure in the equation.

I


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The above is a reply to the following message:
Re: The Estate tax repeal
By: Beldin
in BAF
Tue, 07 Nov 17 3:53 AM
Msg. 00410 of 06530

The federal government does not control and is not responsible for any state's income tax. The states do not control and are not responsible for the federal government's income tax. They are totally separate systems of taxation that fund totally separate governmental functions. Double-taxation occurs when the same taxing authority taxes the same income more than once - classic example is federal income taxes on C corporation earnings that are then paid out to shareholders in the form of dividends that are taxed again at the individual level. You being taxed by the feds and by your state on your income is not double-taxation ... it is single taxation by two separate and distinct taxing authorities ... neither of which have any obligation, whatsoever, to alter their system of taxation to compensate for the other's system of taxation. So, if you are stupid enough to meekly reside in a state with exceedingly high, confiscatory tax rates, then that is your personal problem - NOT the problem of the federal government.

Cheers!


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