‘Kudlo’ panelists Steve Forbes and Steve Moore demonstrated on the tax rate debate.
The blue states around the US are planning to increase tax increase on the rich residents to bring additional revenue through a variety of proposals, including the so -called “included” of a state.Taylor Swift Tax. ,
The President’s steps come after the Forest Big Beautiful Bill Act (OBBBA) enact Donald Trump And the Congress included Republican, which extended several tax cuts of 2017 permanently and included other new tax relief provisions as well as deducted expenses in programs such as Medicade.
Democrats argue that these tax hike proposals are required to make up for plug gaps in the state budget and any lost federal dollar for medicid and other programs.
Road Island State implemented a new tax in this summer, which will put a special levy on the holiday homes worth $ 1 million or more, known as the music star “Taylor Swift Tax”, which is the owner of a house in a rich part of Vesterly, Road Island, Road Island, The Wall Street Journal Informed
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Washington is one of the states planning to increase taxes on rich residents. (George Rose / Getty Image / Getty Images)
Rhod Island’s “Taylor Swift Tax” imposes $ 2.50 for each $ 500 above $ 500 above $ 1 million, which is A. Realtor.com analysis As a result of estimated, property taxes at its luxury house in the Watch Hill neighborhood will result in an additional $ 136,000, value $ 17 million.
Montana wants to increase property taxes At non-primary houses, adopting a new improvement will reduce the property tax rates for the owner-conscious primary homes, while increasing at a rate of up to 1.9% for other homes or short-term fare, with industrial assets also face high levy.
Realtor.com reported that the MPs not only want to provide tax brakes not only to the owners of 230,000 homes to the owners of the house, but also encourage holiday qualities or other homes to sell those assets.
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Many states have gone to increase tax collection on tax collections to increase tax on tax. (Istock / istock)
In this spring, Maryland implemented a new tax policy, which raises income tax rates on residents earning more than $ 500,000 per year to reduce state budget deficit.
Another state in the Northeast is also making a tax growth on the rich residents, considering the law with MPs in Connecticut, which will increase income tax rates on individuals earning $ 250,000 or more, or the amount for a couple of couples helps to remove an anticipated decrease to help offset an anticipated decrease. Federal funds,
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Luxury Beach House of Taylor Swift in Road Island. (Matthew J. Lee / The Boston Globe Getty Image / Getty Image)
Washington State This spring passed a budget that will increase it capital gains Taxes from 7% to 9%, although tax structure focuses on the sale of real estate and focuses on stock, bonds or other transactions incorporating business interests. Washington does not have income tax, and the state constitution restricts one.
Washington has seen in the past that the rich inhabitants have sent the kingdom to avoid high tax burden, such as when Amazon founder Jeff Bezos left for Florida.
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The incident took place in other high-tax states such as California, New York, New Jersey and Illinois, who have seen rich inhabitants and corporations in favor of low tax states.
