N. Y. Has received an enormous financial blow. Is Congress doing enough??

[Uniquelyme]

https://libn.com/2020/01/14/new-york-again-sends-more-to-federal-government-than-it-gets/

N.Y. Has for years paid more than it has received back from the federal government.

Governor Cuomo says N.Y. by the senate bill. Will receive 3.8 billion and they will have a 15 billion dollar hole when all is said and done.

What is your opinion?? Should N.Y. Get more?

Please be civil while discussing.

 

[Porkchop]

If every state received what it paid what’s the use in collecting taxes?
Taxes pay the federal govts day to day operations.
It’s impossible to get back the same amount that was paid. Cuomo needs to stop with the crying.
The jerkoff is making a push for VP.

 

[AutomaticSlim]

https://libn.com/2020/01/14/new-york-again-sends-more-to-federal-government-than-it-gets/

N.Y. Has for years paid more than it has received back from the federal government.

Governor Cuomo says N.Y. by the senate bill. Will receive 3.8 billion and they will have a 15 billion dollar hole when all is said and done.

What is your opinion?? Should N.Y. Get more?

Please be civil while discussing.

Very difficult for me to have sympathy for a state that has taken so much from me over the years. And most of the money they take from me goes to things I have never and will never use. So I have to say no.

 

[Uniquelyme]

If every state received what it paid what’s the use in collecting taxes?
Taxes pay the federal govts day to day operations.
It’s impossible to get back the same amount that was paid. Cuomo needs to stop with the crying.
The jerkoff is making a push for VP.

According to the article NY is among only 7 states that pay more than they give. 43 other States get back more than they pay.

Idk where you live but we get taxed ridiculously. Granted part of the problem comes from NY taxing us too much.

However the cap in property tax and other caps have hurt many NYers. My property tax is only $9k. However other people ik pay property tax of $15k + and dont get that deduction like they used to. As well as other taxes that were changed that don't effect me. Because i'm not in that tax bracket.

 

[Uniquelyme]

Very difficult for me to have sympathy for a state that has taken so much from me over the years. And most of the money they take from me goes to things I have never and will never use. So I have to say no.

Right. However if we dont get the money from Congress, expect NY state taxes to go up.

 

[AutomaticSlim]

Right. However if we dont get the money from Congress, expect NY state taxes to go up.

My point exactly.
We need to tell/pressure our pols in Albany to divert spending from other areaas to make up the difference, instead of rasining taxes, like they always do.

 

[Cheshire1]

I feel for NYC, it seems basically out of control and the city will be in peril for a very long time. With that said, and as someone else said- it's tough to feel for them, the tremendous waste for years and years on stuff like sanctuary policies to name just one. Idk, this one is sort of tough. I would say for the behalf of the people who didn't ask for this perhaps they need more, but I would want some serious documentation on how and where the funds would be used, otherwise it will likely just get floundered at some point with the Democrat cesspool of waste and corruption

 

[njlefty]

I try not to complain too much about taxes. I do, but I try to keep perspective. I lost a close friend a number of years ago to cancer. He was 26 years old.

 

[Uniquelyme]

I feel for NYC, it seems basically out of control and the city will be in peril for a very long time. With that said, and as someone else said- it's tough to feel for them, the tremendous waste for years and years on stuff like sanctuary policies to name just one. Idk, this one is sort of tough. I would say for the behalf of the people who didn't ask for this perhaps they need more, but I would want some serious documentation on how and where the funds would be used, otherwise it will likely just get floundered at some point with the Democrat cesspool of waste and corruption

I agree with this. The government should not let NY nor NYC just do whatever with the money. Same as the airline and boeing bailout.

There should be parameters in all these bailouts and federal help.

 

[Uniquelyme]

I try not to complain too much about taxes. I do, but I try to keep perspective. I lost a close friend a number of years ago to cancer. He was 26 years old.

My condolences.

 

[KittyHawk]

However the cap in property tax and other caps have hurt many NYers. My property tax is only $9k. However other people ik pay property tax of $15k + and dont get that deduction like they used to. As well as other taxes that were changed that don't effect me. Because i'm not in that tax bracket.

@Uniquelyme, all I could think when I read what you said about caps and your tax being "only 9k" was "holy shit". Now that I have calmed down I am still saying "holy shit". You are paying $9k and you are against caps! My house in PA has a market value of $300k and I am paying about $4k in property taxes. You must live in a mansion to be content with $9k. I grit my teeth every day over my $4k. My theory is that first, we take back the out of control governments, federal, state and local. Then we start eliminating social programs that were designed to keep people in poverty. At the same time we teach economics and business practices starting in the first grade and continuing through university level, all mandatory. It would ground kids in the knowledge of what it takes to succeed. There will always be those who will fall behind through no fault of their own. They can be helped. That would take generations and I doubt it will happen but I think it's better than letting politicians buy votes by promising freebies.

 

[Earnest53]

Right. However if we dont get the money from Congress, expect NY state taxes to go up.

This becomes an untenable position for NY State. They raise taxes to fill the funding gap. Taxpayers move out. How is the state supposed to cover it’s expenses? At the end of the day, if NY State is just mooched off of by the others, don’t be surprised by a NYorkexit. The USA would be split in two.

 

[Uniquelyme]

@Uniquelyme, all I could think when I read what you said about caps and your tax being "only 9k" was "holy shit". Now that I have calmed down I am still saying "holy shit". You are paying $9k and you are against caps! My house in PA has a market value of $300k and I am paying about $4k in property taxes. You must live in a mansion to be content with $9k. I grit my teeth every day over my $4k. My theory is that first, we take back the out of control governments, federal, state and local. Then we start eliminating social programs that were designed to keep people in poverty. At the same time we teach economics and business practices starting in the first grade and continuing through university level, all mandatory. It would ground kids in the knowledge of what it takes to succeed. There will always be those who will fall behind through no fault of their own. They can be helped. That would take generations and I doubt it will happen but I think it's better than letting politicians buy votes by promising freebies.

My house value is probably $425k. Which is low for my area. I bought my house in 2007 and paid $7k taxes. My taxes are among the lowest in my Suffolk neighborhood.

The cap on 10k is you cant get credit on more than $10k of property taxes. So if you have a property tax of $11k-$30k or more. You only get credit for $10k. My childhood friend lived in Manhasset Long Island in 2007 and his Father was paying $26k taxes on a house valued at 1.9m at the time.

Trump has been catering to the midwest and others areas and has penalized the coasts. So we get fucked by State and federal govt. There are other tax credits people don't qualify for anymore in NY.

 

[Koondog]

@Uniquelyme, all I could think when I read what you said about caps and your tax being "only 9k" was "holy shit". Now that I have calmed down I am still saying "holy shit". You are paying $9k and you are against caps! My house in PA has a market value of $300k and I am paying about $4k in property taxes. You must live in a mansion to be content with $9k. I grit my teeth every day over my $4k. My theory is that first, we take back the out of control governments, federal, state and local. Then we start eliminating social programs that were designed to keep people in poverty. At the same time we teach economics and business practices starting in the first grade and continuing through university level, all mandatory. It would ground kids in the knowledge of what it takes to succeed. There will always be those who will fall behind through no fault of their own. They can be helped. That would take generations and I doubt it will happen but I think it's better than letting politicians buy votes by promising freebies.

Agreed, my uncle in PA paid about $700 a year in property taxes. Mine is like almost $2000 every quarter! And for what? I have no kids that use the school system. It's robbery of the worst kind.

 

[njlefty]

Public school systems need to change how they are funded.

I am okay contributing to the schools, but you need a fairness factor.

Two couples in homes taxed at the same rate -- one couple has one child in the system. The other couple has six kids in the system. Both are paying down to the penny the same rate in school taxes.

You need to apply a tuition factor per child. This will ensure fairness.

Now, every person should contribute something to the system via taxes, but there needs to be additional payments made based on children in the system.

This will promote fairness and also will get my neighbor with four kids in the system to cough up extra instead of the cheap ride she is getting now.

 

[hamilton2015]

I agree with this. The government should not let NY nor NYC just do whatever with the money. Same as the airline and boeing bailout.

There should be parameters in all these bailouts and federal help.

Isn't this simlar to late 70s when NYC was going broke, asked the Federal Government for help and Gerald Ford told the city to basically figure it out on their own? Im a NY'er and Im tired of midwestern states not paying anything and feeling like Im contributing but not getting the help we need when its necessary (Hurricane Sandy for example)

To be frank, places like New York and California are top 5 in contributions to the US GDP/Federal Government so I think we should get a majority of what ever money we need with out any questions, specifically in a time like this. Because bear in mind that what ever money is given to companies during this time wont come with any meaningful restrictions or stipulations either (i.e. 500 Billion slush fund).

I also I don't mind paying taxes because in theory we all live in a society and should contribute in whatever way we can (education, sanitation, urban developement/roads etc.). Perhaps I am not taking advantage of a service my taxes are going to but perhaps I will in the future or a friend/family member/fellow citizen currently will.

 

[KittyHawk]

My house value is probably $425k. Which is low for my area. I bought my house in 2007 and paid $7k taxes. My taxes are among the lowest in my Suffolk neighborhood.

The cap on 10k is you cant get credit on more than $10k of property taxes. So if you have a property tax of $11k-$30k or more. You only get credit for $10k. My childhood friend lived in Manhasset Long Island in 2007 and his Father was paying $26k taxes on a house valued at 1.9m at the time.

Trump has been catering to the midwest and others areas and has penalized the coasts. So we get fucked by State and federal govt. There are other tax credits people don't qualify for anymore in NY.

Got it. I wondered if I was reading you right on caps. I know that everything is pricier in NY. I still remember going from a job in north NJ directly to a
job in CT. I stopped at a DD in the Bronx for coffee and paid $3.25 for a large. Same thing at home was $2.11 at the time. I know the pay scale is higher in NY but I always wonder how the burger flippers manage to get by. Probably the same way they get by down here.
26k would have me thinking about living on a house boat, no matter how nice the house was.

 

[KittyHawk]

Agreed, my uncle in PA paid about $700 a year in property taxes. Mine is like almost $2000 every quarter! And for what? I have no kids that use the school system. It's robbery of the worst kind.

When I was in Philly in a small row home it was $400/year.

 

[Ampme]

https://libn.com/2020/01/14/new-york-again-sends-more-to-federal-government-than-it-gets/

N.Y. Has for years paid more than it has received back from the federal government.

Governor Cuomo says N.Y. by the senate bill. Will receive 3.8 billion and they will have a 15 billion dollar hole when all is said and done.

What is your opinion?? Should N.Y. Get more?

Please be civil while discussing.

Yes wall street got another 1.5 trillion to gamble

 

[njlefty]

Is this $2 trillion basically printing money?

I"m trying to get my old brain around it.