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. | Why did my tax refund shrink? Thanks, Donald. | image tagged in old lady magnifying glass,irs,tax refund,trump | made w/ Imgflip meme maker
374 views 1 upvote Made by anonymous 6 years ago in politics
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0 ups, 6y,
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Roll Safe Think About It Meme | CAUSE YOU LIVE IN A HIGH TAX STATE AND CITIZENS OF LOW TAX STATES SUBSIDIZED YOUR REFUNDS. A BIG REFUND JUST MEANS YOU LOANED YOUR MONEY TO  | image tagged in memes,roll safe think about it | made w/ Imgflip meme maker
And you're welcome.
0 ups, 6y,
1 reply
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You do know it's Democratic states subsidizing Republican states, and not the other way around.
0 ups, 6y,
1 reply
Uh it's Florida subsidizing New York. No state tax Wyoming subsidizing Connecticut. You need to work on your math a little more. This isn't about redistribution through benefits in your example.The subsidy is deducting state income taxes from federal taxable income. Hence- people from low state tax states,like Florida are subsidizing the careless spending and taxation of states like California and New York, both with profligate spending that has them teetering on bankruptcy. Why should I elect responsible state government to let an unlimited state tax exemption credit reduce the sting of wasteful state governments on their constituents. The deduction on state taxes is capped at $10,000.
0 ups, 6y
Oh Yeah, THANK YOU DONALD!
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Why did my tax refund shrink? Thanks, Donald.