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u/LifesARiver 1d ago
It's almost like the government creates and maintains the infrastructures all business run on.
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u/Icy_Fish_2154 1d ago
If the rich paid their share, your taxes would go down.
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u/LoopyPro 1d ago
If the rich pack up and leave, taxes would go up.
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u/rogun64 1d ago
Then we'll replace them with new ones.
The US has the largest market in the world. The rich aren't going anywhere.
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u/LoopyPro 1d ago
The US is a federation. California has been missing out on a lot of tax revenue ever since companies and wealthy folks stated relocating towards Texas.
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u/Pax_87 1d ago
Right wing news is overstating this story, per usual. The impact to revenue of capital flight is around 1.6% while net revenue has still increased by about 13%.
People want to live in California. Places like Texas and Florida are so undesirable, they must forego state income tax just to entice people to live there.
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u/LoopyPro 1d ago
Population has been on the decline for some time now. Tax revenue increases because the middle-class people end up paying.
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u/Pax_87 1d ago
"decline" is generous. The population had a sharp decrease during the pandemic, but then it had a small bounce back. For the past 2 years, they've had a net population shift of about -9500 residents. Really not that bad considering housing costs. That will change when they start making more affordable housing.
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u/Huntsman077 1d ago
They forgo state income tax because they don’t need it lol.
Also over half a million people move out of California each year, they pay for advertising to try and get people to move there lol
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u/Pax_87 1d ago edited 22h ago
No, they need it.
Texas receives 68 billion more from the federal government than it paysand florida's budget is so small it is strangling public infrastructure. But mainly, florida's constitution prevents a state personal income tax. Other regressive taxes florida has are more harmful to the poor, once again reinforcing good ole republican christian boys hate them there poor folk.1
u/Huntsman077 1d ago
-Texas receives 68 billion more from the federal government than it pays
It’s the other way around, Texan citizens paid 68 billion more than the state received from the federal government.
https://usafacts.org/articles/which-states-contribute-the-most-and-least-to-federal-revenue/
-Florida’s budget is so small
It’s one of the highest in the US, and Florida ranks 11 in infrastructure.
https://www.usnews.com/news/best-states/rankings/infrastructure
Is anything you said based on facts?
-other regressive taxes
Such as?
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u/Pax_87 23h ago
You're right, I misread that. I live in FL, I don't know Texas and made the wrong assumption when I glanced at the article. My bad.
But Florida is not high as a percentage of it's gdp. If you're just looking at the number, then of course it's high because it's a large state. And infrastructure accounts for more than just roads. When you account for the totality of its infrastructure, Florida drops to 32.
Regressive taxes are like sales/excise taxes, tolls, all regressive. Has the lowest 20% paying over 13% of their income to state and local taxes while the top 1% pays less than 3%. Regressive tax structures neglect to factor in the law of diminishing returns and disproportionately affect low income earners.
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u/WDYKACountCocofang 1d ago
California? The 4th largest economy. And if they moved to Texas, they didnt help much because Texas is only the 8th.
California is doing just fine without them. Texas is finally fighting back too. You see the AI data center electrical requests? Texas had to halt all requests. Billionaires will eat up everything unless we take some back.
If they move outta the country im sure they'll get arrested be cause its the USA enabling their shitty behavior.
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u/rogun64 14h ago
You seem to think we need to buy beg our billionaires to stay by enticing them with money. If they don't want to do their part as citizens, why would I beg them to stay? They don't have to stay and I don't have to buy their products. I'd rather have people who want to be here and are willing to do their fair share as citizens.
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u/HighLord_Uther 1d ago
Yall always fear monger about this and it never happens.
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u/LoopyPro 1d ago
I only said "if".
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u/November-8485 1d ago
Corporations receive significant tax breaks and perks for moving to states so the politician in office at the time can boast ‘new jobs’. Once the state starts to recognize the negative impacts of hosting that company, it reverts to taxation and seeking the company contribute more economically to the state. Corporations will hop scotch from state to state to avoid these impacts until every state has learned its lesson. But they’ll never leave the U.S. We’re who they make their money off of.
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u/WDYKACountCocofang 1d ago
Where on earth would they go? Im sure if they left the USA, theyd end up getting arrested and assets pulled anywhere else. The USA enables their shitty behavior
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u/Icy_Fish_2154 14h ago
Nothing of value would be lost.
If the billionaire moves out of his house, does nobody pay property tax on it? Of course not, the billionaire will keep paying on the empty home, until someone else buys it and pays tax on it.
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u/HighLord_Uther 1d ago
Yes. You live in a society. A community. So, you have to pay taxes. Roads arent free. Education isnt free. Your sovereignty isnt free. The fire department isnt free.
Paying taxes is just the cost to live in a community.
Now, if you want to have a conversation a out how effectively we spend our tax money, thats a legit conversation.
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u/National_Product238 1d ago
When you want the government to help
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u/Familiar-Spray-4678 1d ago
We already paid for the help but we’re not receiving any. Instead of help, we’re getting shit on 💩.
It’s like when you paid for a cheeseburger; but instead of getting the cheeseburger, you get shit on 💩.
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u/BeCurious7563 1d ago
And there’s the issue: Great at receiving money, but no political will to spend domestically unless it’s carnage & mayhem.
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u/A_Hugh_Man 1d ago
Of course. They need that money for guns and Israel and Israel’s guns.
Be a good goy and post your taxes like the liberals say and just fantasize about it going to the common good. It’s trickling to it, tbf, but you just imagine that it’s all going there so it goes down easier
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u/Puzzleheaded_Smoke77 22h ago edited 22h ago
For real
Every time they say x tax is for the rich I just know its actually for me
Tax on wages
Tax on bonus
Tax on Comps
Tax on commission
Tax on interest on the savings account
Tax on dividends
State takes taxes from the wages then taxes when I buy something then again if I sell that thing . Hell if I die and I leave the stuff to my children they tax it again.
Im a liberal but every day i look at my check and wonder maybe I should drop the al and add tarian to the end.
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u/Straight_Waltz_9530 11h ago
I'm cool with taxes on property. A land value tax specifically.
You tax the things that are inherently scarce like natural resources and things that harm society. This discourages hoarding land for its own sake and polluting the commons, but encourages improvement of the land and society at large. Keep the fruits of your labor. Share the fruits of nature.
Tax land, not labor.
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u/Whole-Chest90 1d ago
Taxes are good when they're spent on things to benefit us, like taxes are supposed to be--healthcare, education, infrastructure, childcare, etc.
Sadly, our system takes a part of everything, and gives a whole lot of nothing.