Tax Reform – Businesses Moving to Florida & Texas ASAP

TAX-REF (3)

QUESTION: Mr. Armstrong; Did Donald Trump take your Tax Reform Proposal you submitted to Congress back in the nineties?

RK

ANSWER: I know a lot of people have been asking that since his original corporate tax rate was 15%. What I can say is that the notion to eliminate deductions for State income tax has been bantered around for a long time. I believe that was added to the reform and was not actually Trump’s plan initially out of the gate.

What you have to understand is that if California gets 13.5% and Alabama is 5%, the States have seen this as welfare for California and other high taxes States. Their residents get to deduct that money and it is really a welfare check for the State. To make it fair, there should be NO deduction for State income taxes. That will then force the local politicians to be respectful of other people’s money perhaps for the first time in history.

This is why I knew it would be time to move to Florida where there was no state income tax. I cannot tell you how many friends from New Jersey have already called and want to move their businesses to Florida asking how hard was it.

Latest Posts

How the Clintons Destabilized Haiti

Haiti has been propelled into a downward spiral ever since the Clinton Foundation stepped in to “help.” They have successfully destabilized the nation. Haiti is now a lawless land ruled [...]
Read more

The Next Greta? Meet Xiye Bastida

The World Economic Forum has spoken and chosen its newest climate change darling – Xiye Bastida. Greta Thunberg has been replaced by a more diverse candidate from the Otomi-Toltec Indigenous [...]
Read more

Bloodbath Propaganda

A quote by former President Trump was completely taken out of context and used by the leftist media to create an ongoing propaganda campaign. I will note the full context [...]
Read more