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Analysis: Federal tax overhaul increased taxes on wealthy in many blue states, cut for most in middle class

Federal tax overhaul increased taxes on wealthy in many blue states: Analysis


Federal tax overhaul increased taxes on wealthy in many blue states: Analysis
by
Cole Lauterbach, The Center Square
 | December 30, 2020 09:30 AM
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The 2017 Tax Cuts and Jobs Act, harpooned by progressive Democrats as a handout to wealthy corporations, turned out to be more progressive in practice, new data from the federal government revealed.
The federal tax reform measure supported by President Donald Trump increased taxes on some wealthy property owners in high-tax jurisdictions such as Illinois and New Jersey and decreased tax burdens on the middle class.
Internal Revenue Service data released in December, analyzed by the National Taxpayers Union Foundation and Wirepoints, show the federal tax overhaul that took effect in 2018 didn’t necessarily become the tax break for the wealthy as it was criticized as. ....

New Jersey , United States , New York , Mark Glennon , Donald Trump , Nancy Pelosi , National Taxpayers Union Foundation , Revenue Service , United States Congress , Jobs Act , President Donald Trump , House Minority Leader Nancy Pelosi , புதியது ஜெர்சி , ஒன்றுபட்டது மாநிலங்களில் , புதியது யார்க் , குறி க்ளென்னன் , டொனால்ட் துருப்பு , நான்சி பெளோஸி , தேசிய வரி செலுத்துவோர் தொழிற்சங்கம் அடித்தளம் , வருவாய் சேவை , ஒன்றுபட்டது மாநிலங்களில் காங்கிரஸ் , வேலைகள் நாடகம் , ப்ரெஸிடெஂட் டொனால்ட் துருப்பு , வீடு சிறுபான்மை தலைவர் நான்சி பெளோஸி ,

New Hampshire Sues Massachusetts in Supreme Court Over Extraterritorial Income Tax


Massachusetts Taxes New Hampshire Residents; New Hampshire Goes to Supreme Court
Backed by 14 other states, New Hampshire is suing Massachusetts because the Bay State is taxing New Hampshire residents who work remotely in their home state for employers located in Massachusetts, a practice that New Hampshire says is unlawful.
“Massachusetts’ current position is a far cry from our country’s rallying call of ‘no taxation without representation,’ which they seem to have forgotten originated in their state,” Gov. Chris Sununu, a Republican, said in a statement Dec. 23.
“We remain confident that the Supreme Court of the United States will take up this case of national importance and that the State of New Hampshire will prevail.” ....

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