Cuomo announces $2.3 billion drop in tax revenue

[i am herdman]

Is this true? Maybe he should work on keeping people there instead of cheering on barbaric abortion practices.

Losers! This guy is such a tool bag.

https://nypost.com/2019/02/04/cuomo...utm_campaign=SocialFlow&utm_source=NYPTwitter

 

[big_country90]

“I don’t believe raising taxes on the rich. That would be the worst thing to do. You would just expand the shortfall,” he said. “God forbid if the rich leave.”

Imagine that.

 

[WV-FAN]

this guy's not quite as yuge of an imbecile as those who lap up the stupid shit he spews.

 

[herdfan429]

Trumps fault

 

[dherd]

that's too bad because new York is going to need a lot of money to lock up all of the trump gang. hopefully all the property seizures will make up the difference.

 

[HerdBuckeye]

How much did WV lose?? They had the greatest population exodus of any state in the last census.

 

[i am herdman]

that's too bad because new York is going to need a lot of money to lock up all of the trump gang. hopefully all the property seizures will make up the difference.

Not gonna happen. Bunch of losers in NY. Problem is they come down South and try to screw it up as well. Barbarians

 

[raleighherdfan]

This needs to be posted again for libtard enjoyment...…

Cuomo said Albany can’t go to the well and tax the wealthy again because that would only worsen the situation, citing “anecdotal” evidence that high-income New Yorkers are already fleeing the state to lower-tax jurisdictions.

“I don’t believe raising taxes on the rich. That would be the worst thing to do. You would just expand the shortfall,” he said. “God forbid if the rich leave.”

 

[HerdFan73]

Honest question: How would reductions changed to the federal income tax laws have some a negative impact on a states budget?

Any writeoffs, deductions etc that went into law under the trump tax break would only apply to federal tax rates correct ?

 

[mlblack16.]

Hey dummy, this...

that's too bad because new York is going to need a lot of money to lock up all of the trump gang. hopefully all the property seizures will make up the difference.

Doesn't have shit to do with this...

“I don’t believe raising taxes on the rich. That would be the worst thing to do. You would just expand the shortfall,” he said. “God forbid if the rich leave.”

Imagine that.

Address what your fellow liberal scum just said, which completely contradicts you to the fundamental core of your belief system as a libtard.

Try not to use, "but Trump" anywhere in your response. I honestly think you will just ignore and skirt around his statement, because whatever a liberal faggit says is A-OK in your book, you un-reconstructed whelp of a whore.

 

[Raoul Duke MU]

This needs to be posted again for libtard enjoyment...…

Cuomo said Albany can’t go to the well and tax the wealthy again because that would only worsen the situation, citing “anecdotal” evidence that high-income New Yorkers are already fleeing the state to lower-tax jurisdictions.

“I don’t believe raising taxes on the rich. That would be the worst thing to do. You would just expand the shortfall,” he said. “God forbid if the rich leave.”

Hell, just tax the Asians, Russians, and Arabs buying all the property in NYC.

I wonder where these rich people are going? The entire NE is high tax. Maybe Colorado, to smoke that weed.

 

[HerdFan73]

Hell, just tax the Asians, Russians, and Arabs buying all the property in NYC.

I wonder where these rich people are going? The entire NE is high tax. Maybe Colorado, to smoke that weed.

They wouldn't have to go that far, just cross the river into Canada.

 

[raleighherdfan]

Hell, just tax the Asians, Russians, and Arabs buying all the property in NYC

The point appears to be...the overall need for the Asians, Russians, and Arabs continuing to buy...anyone else with wealth and high income appears to be looking to find somewhere else to live.

 

[trailherd]

Honest question: How would reductions changed to the federal income tax laws have some a negative impact on a states budget?

Any writeoffs, deductions etc that went into law under the trump tax break would only apply to federal tax rates correct ?

The issue is that the new $10K limitation on state and local tax deductions at the federal level has caused their rich residents to flee the state.

Previously, rich New Yorker could pay his $500K NY tax bill, but deduct it entirely on his federal tax return. Presuming he has a top rate of 35%, that means this new $10K limitation has cost him an additional ~$170K in federal income tax. Essentially, the federal government was subsidizing state income taxes.

Cuomo presumes this is driving their rich residents away into lower tax states.

 

[dherd]

Not gonna happen. Bunch of losers in NY. Problem is they come down South and try to screw it up as well. Barbarians

oh, ok - well that must be the reason they call it the empire state, and why wall street is down south, and the worlds biggest financial district is is birmingham.

and why ny York sent it's biggest loser to fvck up the world in d.c. since he could get a loan approved in n.y.

you've been listening to trump/cons too long you think up is down.

 

[mlblack16.]

oh, ok - well that must be the reason they call it the empire state, and why wall street is down south, and the worlds biggest financial district is is birmingham.

and why ny York sent it's biggest loser to fvck up the world in d.c. since he could get a loan approved in n.y.

you've been listening to trump/cons too long you think up is down.

Still don't want to talk about what Cummo said regarding taxing the rich, huh?

 

[extragreen]

Billionaire businessman Donald Trump has a plan to pay off the national debt, grant a middle class a tax cut, and keep Social Security afloat: tax rich people like himself.

Trump, a prospective candidate for the Reform Party presidential nomination, is proposing a one-time "net worth tax" on individuals and trusts worth $10 million or more.

By Trump's calculations, his proposed 14.25 percent levy on such net worth would raise $5.7 trillion and wipe out the debt in one full swoop.

http://www.cnn.com/ALLPOLITICS/stories/1999/11/09/trump.rich/index.html

 

[Bankerreturns]

Cool, a 1999 article. Were you listening to Prince when you read that?

 

[Raoul Duke MU]

The point appears to be...the overall need for the Asians, Russians, and Arabs continuing to buy...anyone else with wealth and high income appears to be looking to find somewhere else to live.

The point appears to be....the Asians, Russians, and Arabs have driven up market prices....anyone else previously wealthy enough to buy but that is now frozen out of the market appears to be looking to find somewhere else to live. Which isn't even the point I was making, but to attempt to have a discussion with idiots like you often means venturing down unforeseen paths.

 

[extragreen]

Cool, a 1999 article. Were you listening to Prince when you read that?

Listening to Prince is more tolerable than listening to "the government forced financial institutions to give loans to people without verifying their income."

 

[Raoul Duke MU]

The issue is that the new $10K limitation on state and local tax deductions at the federal level has caused their rich residents to flee the state.

Previously, rich New Yorker could pay his $500K NY tax bill, but deduct it entirely on his federal tax return. Presuming he has a top rate of 35%, that means this new $10K limitation has cost him an additional ~$170K in federal income tax. Essentially, the federal government was subsidizing state income taxes.

Cuomo presumes this is driving their rich residents away into lower tax states.

C'mon....you know it is the liberals driving people out of NY....

 

[raleighherdfan]

The point appears to be....the Asians, Russians, and Arabs have driven up market prices....anyone else previously wealthy enough to buy but that is now frozen out of the market appears to be looking to find somewhere else to live. Which isn't even the point I was making, but to attempt to have a discussion with idiots like you often means venturing down unforeseen paths.

(insert triggered .gif here)

The "unforeseen paths" are what many don't seem to understand. How exactly will taxing (any) rich buyer of real estate more, help the cause of getting people to move back (which is the long term need here), when it's already shown to drive the rich out?

It's funny. A liberal politician (Cuomo) gives a speech, blows up the basis of the liberal/progressive economic ideology (income tax the rich at higher rates to improve prosperity), and watch those who accept such an ideology twist in the wind.

 

[Raoul Duke MU]

(insert triggered .gif here)

The "unforeseen paths" are what many don't seem to understand. How exactly will taxing (any) rich buyer of real estate more, help the cause of getting people to move back (which is the long term need here), when it's already shown to drive the rich out?

It's funny. A liberal politician (Cuomo) gives a speech, blows up the basis of the liberal/progressive economic ideology (income tax the rich at higher rates to improve prosperity), and watch those who accept such an ideology twist in the wind.

Jesus Christ, I was making a joke about the foreigners buying real estate and never living in it. Yes it does drive up the values, but it was a joke. Are you autistic?

 

[raleighherdfan]

I was making a joke about the foreigners buying real estate and never living in it.

 

[Raoul Duke MU]

Not all humor is meant to be funny, Simpleton. Maybe you really are autistic.

 

[raleighherdfan]

 

[Raoul Duke MU]

You have the roles of this meme reversed, so it doesn't make sense for you to be using it. God, you are brain-dead.

 

[mlblack16.]

oh, ok - well that must be the reason they call it the empire state, and why wall street is down south, and the worlds biggest financial district is is birmingham.

and why ny York sent it's biggest loser to fvck up the world in d.c. since he could get a loan approved in n.y.

you've been listening to trump/cons too long you think up is down.

@dherd STILL doesn't want to address what Cuomo said and how it completely contradicts his taxing of the rich ideology.

Wow, I mean it is pretty damning. I guess you have nowhere else to go, so you are hiding from it?