25% of my federal tax money goes to under-performing “welfare” red states.It was recently reported in my state that within a few years, about 25% of our(high) property and income taxes will be going to fund the PERS ( Public Employee Retirement System) pension. If you own a farm (even if you have another job) - you can write off stuff and end up paying near zero taxes, state or federal. And enjoy nature. Whatever.
[quote=Billy Mays]Milyunair - No one wants to live on a farm anymore - except the amish. It’s a crap life. If we had a cultural revolution here, I would kill myself.Per capita PhD is usually because there is a university in your town. It is meaningless. Small towns are full of people who do not aspire to anything. Bush2 tried to duplicate Reagan. Borrow out the wazoo and create a fake housing boom - this creates a false sense of prosperity that will carry you through most of your 8 year term. Then, hopefully, the whole thing will implode after you leave office leaving the disaster on the hands of the next president. It worked for Reagan. But it imploded too soon for Bush2 and now his decisions look like crap. Reagan and Bush2 both set out to build a house of cards that made them look good and made the next guy look like crap. Worked for Reagan, failure for Bush2. I thought engineers in America were most likely to be indian or chinese. Food subsidies are pennies complared to the final cost of food. Raw materials are pennies compared to distribution, marketing, manufacturing and retail. 25% of my federal tax money goes to under-performing "welfare" red states. The federal government should force these states to pay their own bills. If they can't, we can loan them the money (they could never repay) and turn them into our bitch; like latin america. I wonder if Quyale ever learned how to speak latin. [/quote]
BMays - where is your link for the 25% of federal tax money going to fund under-performing states? CBO?
You think that's bad, like 40% of NY state taxes paid in NYC go to support the "welfare" of our brothers in rural upstate NY.My information comes from : http://taxprof.typepad.com/taxprof_blog/2004/09/red_states_feed.html
You think that’s bad, like 40% of NY state taxes paid in NYC go to support the “welfare” of our brothers in rural upstate NY.My information comes from : http://taxprof.typepad.com/taxprof_blog/2004/09/red_states_feed.html[/quote]
Ah, I see. Your law professor has quite the agenda. If you dig into the research that he provides, and look at different years (2005 being the most recent), New Mexico is number 1. What is New Mexico? A blue state perhaps?
D.C. which is purely metropolitan has $5.55 tax dollars received per tax paid.
Also, look at the data from 1981 - 2005. California for example, has been consistently low in federal money received vs. paid.
There is no statistically significant variability in rank.
But thanks for the link! The professors blog is highly prejudicial towards the left. If you actually look at the link he provides to the data, and dig deeper, you can see he's full of sh!t.