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One advantage to living in Texas

Discussion in 'Fred's House of Pancakes' started by rjparker, Nov 21, 2023.

  1. Mr.Vanvandenburg

    Mr.Vanvandenburg Senior Member

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    When the talking points, including names of politicians, about raising the deduction from 10k-80k are challenged, it suddenly becomes political for anyone to answer. So not only the original political posters who started it want their way about the subject, they want to forbid further disagreeing discussion. All right then.
     
  2. mikefocke

    mikefocke Prius v Three 2012, Avalon 2011

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    The house I was born into cost $3,200. Today Zillow estimates it is $1,173,100. Amazing what 80 years does in the right places. Pretty blue BTW.
     
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  3. Mr.Vanvandenburg

    Mr.Vanvandenburg Senior Member

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    The measure helps middle class people in all the states, for one. 10k is not a lot. 80k is still not a lot. Of course people having 80k of state and local tax might have an income of a million during a particular year. Not unusual in these well paying economic times and record stock market. Maybe a relatively poor person makes money one year on a stock and has more state tax the next year. Maybe they pay 5000 in property tax. The 80k cap helps.
     
  4. V Sport Wagon

    V Sport Wagon Active Member

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    I still want to see a break down of where the money goes, it's our right to. Will we? No so therefore we can also just assume it all goes to fund overseas wars and we'd also be correct. Whether it's $1 or $80k...we should get the break down.
     
  5. ChapmanF

    ChapmanF Senior Member

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    I'm sure there are plenty of countries where it's a lot harder to find that information, but your profile says you're in USA, where (at least until somebody decides to make us a different kind of country), you just go look it up.

    For federal data, if you prefer to look by outlays, you look here, or for obligations, you look here.

    Individual states all likely have their own similar lookups (though some of them may be easier to use than others, and not all the states may have the same commitment to transparency as others, or even as themselves 5 or 10 years ago).
     
  6. Mr.Vanvandenburg

    Mr.Vanvandenburg Senior Member

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    Under “Government Spending and the U.S. Economy (GDP), FY 2015 – 2023”
    the chart is interesting in that spending has declined since 2021. Went up fast the years just before. Good data to see, avoids bickering.