Murphy: New Jersey Could Sue to Stop GOP Tax Overhaul.

[elleng]

'Governor-elect Phil Murphy said Thursday that New Jersey and other states could sue the federal government if a proposed Republican tax overhaul becomes law.

Murphy, a Democrat, said he has spoken with leadership in New York and California and with legal scholars about doing “whatever it takes” to stop a GOP attempt to rewrite the federal tax code. Asked if that included a joint lawsuit with other states, Murphy said “emphatically, yes.”

A Senate tax bill would eliminate the State and Local Tax (SALT) deduction, something that would particularly hurt high tax states such as New Jersey, New York and California. A House bill that passed this month would remove the deduction only for state and local income and sales taxes, but cap it at $10,000 for property taxes.

“Some of the leadership in those states have used the phrase, ‘it’s an unconstitutional double tax,’” Murphy said after an unrelated transition event in Trenton.'>>>

http://observer.com/2017/11/murphy-new-jersey-could-sue-to-stop-gop-tax-overhaul/

[rocktivity]

1. A class action lawsuit should be filed, too

on behalf of every making less than $250K on the grounds that the plan tax plan is fiscally AND ethically irresponsible.


rocktivity

[Achilleaze]

2. Sue the pants of the republican TreasonWeasel 1% Greedheads

[guillaumeb]

3. Is there legal precedent for such a tactic?

That seems like an important consideration.

[Cicada]

4. Deduction phased out with high income for many years

No one ever complained before. Doubt double taxation argument will work. Itemized deductions are phased out as income gets really high until itemized deductions are not allowed at all.

[Hestia]

5. When that gets to be a problem, really high earners park their money in tax havens and don't pay

a dime of taxes. THAT's what we need to phase out. You have a US passport, you pay taxes; you are an American corporation/LLC/Hedge Fund/Private Equity Fund and operate within the US, you pay taxes.

Banking system can keep track of all this and automatically tax the funds leaving the country. No write off or deduction, tax at full rate until they actually file a tax return to get some of it back. If they can seize average joe's and jane's funds, they can do deadbeat billionaires too.

[Cicada]

6. Legally US citizens taxed on all income anywhere

Money abroad is also taxed. But if you own a corporation or some other entity it might be spared from tax by being in a tax haven.