Trumps Tax Plan will cost Californians around $500 billion dollars by 2020, effectively killing the state's economy
-capital gains exclusion rules for selling your home
-mortgage interest deduction
- SALT deduction
California could see an average of a 10%-15% immediate decline on home value. A 5% relative tax increase to incomes of $500,000 or higher, and immediate business flight to greener pastures.
CALIFORNIA IS DEAD CELEBRATION THREAD
“But OP how are they going to pay for their unfunded liabilities?”
Fuck em.
Califucked
California is finally get assraped like they deserve. They will still do okay because the economy is strong but they suffer a relative hit now.
Can't wait to see their bubble real estate economy start to get hit.
State tax deduction is gone too, which fucks rich liberals so hard. The doubling of the standard deduction ensures most working class people who use itemized deductions are unaffected.
...
>California could see an average of a 10%-15% immediate decline on home value.
that would be good actually.
>A 5% relative tax increase to incomes of $500,000 or higher, and
>500,000 or higher
>500k+
>immediate business flight to greener pastures.
lol. no
California is unfuckinglivable as is, the laws, taxes and property values are all astronomically bad. There is NO REASON for Californian homes to cost so much, not to mention the apartment monthly payments in cities like san fran.
...
feels good man
fuck califaggots
Brainlet here. I have two questions. How will this effect the chingchongs who are slowly taking over the place and will it do any damage to Silicon Valley?
Well that is what they get for over inflating their state with illegals and welfare.
will make chinese more powerful and no.
okay I know this may be hard to grasp
your probably a bit slow
okay, ready? Here it is.
More buyers than homes available.
I still think I'd rather see Kim nuke them.
why not both?
>asians
>a problem
are you hispanic or black?
Fug. At least a whole bunch of leftist e-celeb scum I know that live there will taste the pain.
You love chink cock? I hope so because you're going to get it.
Lmao, nice. Fuck commiefornia
You too
checkin those trips of destruction of gay state, terminated by arnold trumpo
Yet California — after raising its top income tax rate to 13.3 percent and receiving record revenues — is still facing a budget deficit of more than $1 billion. There is a much more foreboding state crisis of unfunded liabilities and pension obligations of nearly $1 trillion.
Soon, new gas tax hikes, on top of green mandates, might make California gas the most expensive in the nation, despite the state’s huge reserves of untapped oil.
Where does the money go, given that the state’s schools and infrastructure rank among America’s worst in national surveys?
asians are a tiny fraction of American population and a huge net benefit compared to hispanic/black population.
>California could see an average of a 10%-15% immediate decline on home value
Good fuck the chinks and jews rent seeking. Couldnt be happier.
honestly with the cultural rift between california and the rest of the US along with the chinese influence in the state I can see revolutionaries backed by chinese becoming a thing.
Really Aquafresh? What the fuck do you care?
>Where does the money go, given that the state’s schools and infrastructure rank among America’s worst in national surveys?
(((Where))) indeed
Just because Asians don't commit crime doesn't mean they belong in America.
The hate for California transcends national boundaries
can someone post the tax calculator before/after/senate/house link?
The Chinese are fucking dickheads, and them making moves on land that we have a tenuous hold of due to all the Mexican niggerdom and political jewery is bad news for us all.
If we are talking relative criminality and impact
Asians - 3% of population, usually the wealthy/higher class moving in these days, high incomes, lowest crime
vs the absolute trash of hispanics, middle easterns, and africans
Asians are trying to turn the entire western region of North America beyond the colonies into a vassal state, essentially a colony. There is a reason they are buying up real estate and dumping money into these area's.
You have no idea…
>mfw commiefornia muni bonds get downgraded to junk and the pinko faggots have to hand all money to the state to keep pensions paying out
crash the bond market YAAAAAAAAAASSS
morons detected
Again, Asians do not have high birth rates, are net contributers, and a small fraction of population.
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lol
As a Califag, I honestly don't give a fuck, our population deserves it for voting in these high tax liberals.
For now
If Chinese wanted to colonize a place they would be fucking up malaysia or indonesia. Places that have history of killing Chinese when they chimp out.
Look up Indonesia and the Chinese population there.
Wow, they don't commit crimes? They're so based. I'm ready to sell out to the Chinese now.
seriously fuck commiefornia. it can't fall into the ocean fast enough.
Trump is genius. Talks and tweets up a storm on drama. Then he does a sleight of hand and wins. His top priority I think so far was isis, and they're nearly decimated without any big headlines.
>If Chinese wanted to colonize a place they would be fucking up malaysia or indonesia
Most Southeast Asian countries don't allow foreign nationals to buy property precisely because they know the risk China poses.
that's why they're so pissed. rich liberals will finally have to pay taxes. one thing I hate about liberals is they love taking everybody else's money but refuse to contribute to the gibs they want for their pets
Buying property is meaningless. It could be taken tomorrow if the government wanted or taxed out. It's not something like you think it is like conquest.
California will now be forced to transition which is great. The mexicans were but back in their place. They are all crickets now. And now the jews and chinks will have to find another way to jew if the housing market correct. Pedowood is getting btfo but I have little hope for Los angeles. San Francisco and the bay area will become even more relevant as biotech and cryptocurrencies continue to advance. This is great!
I am also a Califag.
Am I fucked?
Good.
That's because the military hates headlines. Why do you think Obango and the MSM always talked about what the military was doing? Trump shuts up and lets the Military do their godforsaken job.
The best part is California's higher taxes helped makes sure the tax bill passed reconciliation.
California Funded Trump Tax Cuts
HA HA HA HA ! ! !
California now has 2 choices.
1. Find a way to lower its cost of living to maintain state revenue from money making/generating residents
2. Be unofficially but obviously annexed by Mexico
Depends, are you rich? If so you have to find new loopholes otherwise fucked.
Well, your goverment needs money to feed my countrymen.
I live in cuckoldfornia. My house is paid off but was unable to get my shit in order to sell it and flee. Am I fucked, or should I just fix up my house and ride it out? Any real advice is appreciated. I'm currently out of work and injured, so I have a bout a year before I can reenter the job market. I'm hoping to collect disability and work on the house when health permits.
I make a decent normie wage. not rich nor poor though.
I hope those commie faggots don't start trying to flee the state to escape the tax increase. that kind of scum isn't wanted in free states.
even other liberals hellholes hate them
>pic related
>Again, Asians do not have high birth rates, are net contributers, and a small fraction of population.
Where have I heard this before?
Ok since you're so stupid, I'll teach you a quick lesson: I teach math, and your beloved chinks are the absolute WORST at it. ALL OF THEM. They can't comprehend it. Even blacks get it without so much effort. The only reason chinks APPEAR to outdo others is because they work at it for much longer and harder than anyone else humanly can — under horrible threats from callous parents.
They get to be TAs and professors, yet nobody understands them because they never understood the subjects themselves to begin with.
You have a delusional concept of Asians and of all humans, but then what can be expected from a racist imbecile?
This
Pol fags who are not from Cali have no idea how chinks are! Worst than blacks and spics.
It's not as bad as the OP m8. Overall it's still tax cuts unless you are balling rich. Even the house hits are more to very high value homes.
>blacks as good as Chinese at math
holy shit fuck off, stop hiding flag too.
Can confirm, midwest is getting flooded with these gooks, their shity food stores are popping up everywhere. please send help
Good. It's stupid to think your home's value should be that high in the first place. If I was estimating my net worth, I'd take a more stable price that's not inflated to be realistic, so I don't get btfo when they do drop because no one can afford them + taxes.
>Pol fags who are not from Cali have no idea how chinks are! Worst than blacks and spics.
You're fucking wrong. Spics are the fucking worst. They're the ones constantly murdering people here.
How China ended up with 1.5 billion people?
I'm pretty sure it's shills/spooks trying to fuck up the thread. All posted simultaneously with the same thematic posts.
Chinks don't rape/kill like blacks and hispanics. No one sees a chinese dude walking around and has to worry about getting robbed. They have lowest crime rates than whites.
Seriously just fbi or some psyop group trolling and shitting up the thread.
Wont all the rats jump ship and start shitting up all the other states now?
Haha get fucked faggots
Go to a gook ghetto at night. See if you come out unharmed.
I live in an old neighborhood that has been overrun by beans. They aren't the worse neighbors, but I wouldn't mind being able to go to bed on a wednesday evening without hearing mexican polka blasting tubas in my ears.
I've got a 1600sqft home worth about $350k.
Realistically speaking with the new cuts and shit, would it be a good idea to take out a loan against it (the idea terrifies me) to fix it up so that I can at least rent out one room? I could get at least $600 a month, so if I spend $6k on repairs I can make that back in a year. I think the min amount to loan is $15k. I could always just repay the difference immediately I think.
My main issue is a leaky roof. I can DIY interior plaster repairs with confidence.
Only partially true. There is plenty of housing available, but with a huge markup that never goes below a threshold.
>Chinks don't rape/kill like blacks and hispanics.
I completely agree. The only think I don't like about Chinks is that they're very stuck-up and rude. Not all of them but some are just fucking snobby little shits. Mexicans do the same thing though, but that's why I'm saying Mexicans are much much worse people. I don't like hanging out with them and make sure I don't linger too much around them, especially when I work.
what the fuck is a gook ghetto
This guy is just a shill trying to derail thread.
niggers are the absolute worst, they're feral beasts and dangerous. spics are a close second, chicanos are basically basically nigger tier. gooks are souless worker drones who are total assholes.
none are exactly desirable but the chinaman is the best of that lot by far.
...
>Go to a gook ghetto at night.
Go to any ghetto place at night it's always going to be bad retard.
Why, Trump
Why
I voted for you
A lot of those very high value homes belong to people who bought them at low value and cannot afford the property taxes. Wealthy people are also very, very angry at losing the deduction. California is going to have to do something drastic about property taxes. That or the plan is to trade the deduction for something else.
These houses and properties get appraised. If you under-declare their value, you commit tax fraud, and the state simply comes back later and takes the money anyway.
This nonsense has nothing to do with anything and doesn't belong here.
Of course you'd think that. Your paranoid schizophrenia won't let you see reality.
Boooooo Ich bin BKA boooooooo
No rich liberals and no Mexicans by 2020. I'm gonna wait this out, it may end up very nice.
Califag cucked
actually it's all relative, odds are you still save more money on this plan, especially if under 500k a year income.
If you are North of the Bay ride it out otherwise you fucked up.
>This nonsense has nothing to do with anything and doesn't belong here.
I don't give a shit? Mexicans are fucking assholes and need to be deported even if they're legal. Fuck off spic.
Why don't they scrap Federal income taxes and just take a tribute from the states? Then California can tax their 1% Zuckerbergs or whatever.
>no Mexicans
Wow, enjoy your cheerleader shortage!
yay I cant wait for the rats to leave cali and fuck up all the other states like they are doing to colorodo and texas =)
That's true, tons of houses in Modesto and Fresno, have fun out there with a spic dick up your asshole.
As a Californian Trump voter:
>JUST
But in al seriousness, fuck us Californians. They need to be punished along with Jew Yorkers.
>Californians now have to actually pay for all their socialist state government policies
I wonder how they'll feel about it now that it's no longer other people's money?
It's like using fire on a spider with babies on its back
>There are going to be flaming faggots and liberals spreading to every state imaginable.
>These liberals are going to be raping every local culture they see
>They're going to be raping the kid
>They're going to be rubbing their junk and shit on every semi-conservative building and statue
>When you least expect it the liberal faggots will take their pants off and rub their dicks in children faces and if you get angry at them they'll yell anti-semitism and how you're being homophobic.
>Your property prices will skyrocket to extremes
>Your schools will become even more liberal and corrupt
>Your local government will be overloaded with the faggots attempting to get elected
And I looked, and behold a liberal horse: and his name that sat on him was Faggot, and Hell followed with him.
It never was. They were giving other people Cali money. But I guess they won't be able to do that anymore. Sad!
Wait for what, exactly? Rich liberals pay about half the state's income taxes. Watching the Mexicans move back home may feel good for a while, but I doubt it's going to make up for the sting of watching everyone else's meal ticket fly off to New Hampshire or Jefferson. You can laugh if you like about lost gibs, but we're talking about a pension crisis, infrastructure collapse, and cuts to genuinely essential services.
Spoken light a regular meathead. This isn't about deportation, and hoping as an alternative to drive a whole lot of people out of your lands with a broad wave of chaos and hardship isn't your best idea. Whatever happens to those brown people you don't like is also going to happen to your white friends and neighbors, if you have any. Maybe if you could afford to live in a white neighborhood this would trouble you more than it seems to.
>100 billion deductions
>17 billion net outflow
Anyone can fix numbers to show whatever you want. They just fixed it to imagine that Cali sent more money than took in which isn't close to true.
And looked and behold: the tinfoil lunatic leaves the state and nothing of value was lost
Incorrect, because of the state tax deduction they were taking from the federal tax pool big time without paying their fair share. Billionaire faggots deducting 13.3% or 1/3 of their federal taxes. Not anymore soiboi.
or you could say it's more likely that the california government will be forced to deal with their illegal problem somehow, to avoid massive bankruptcy