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kimmaicutler's profile
Kim-Mai Cutler
Kim-Mai Cutler
Kim-Mai Cutler
Verified account
@kimmaicutler

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Kim-Mai CutlerVerified account

@kimmaicutler

Partner at @initialized. Previously @techcrunch. When life hands me lemons, I make tarte au citron.

San Francisco
medium.com/initialized-ca…
Joined April 2008

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    1. Kim-Mai Cutler‏Verified account @kimmaicutler 30 Jan 2018
      • Report Tweet
      • Report NetzDG Violation

      Kim-Mai Cutler Retweeted Liam Dillon

      Reframing state tax obligations as charitable contributions seems like a bad cultural precedent with lots of unforeseen consequences.https://twitter.com/dillonliam/status/958437132544098304 …

      Kim-Mai Cutler added,

      Liam DillonVerified account @dillonliam
      Bill from Democratic Senate leader @kdeleon to workaround new federal tax cap on state and local tax tax deduction picks up two Republican votes in passing the Senate. Now it heads to the Assembly.
      Show this thread
      9 replies 13 retweets 54 likes
    2. Nick Schrock‏ @schrockn 30 Jan 2018
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      Replying to @kimmaicutler

      Also can’t possibly believe that it will be legal. Will be overturned by Congress, courts, or IRS fiat regulatory ruling.

      1 reply 0 retweets 3 likes
    3. Kim-Mai Cutler‏Verified account @kimmaicutler 30 Jan 2018
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      Replying to @schrockn

      I'm curious why they didn't go the payroll tax route and instead chose the charitable donation route, which is so indefensible from a progressive perspective.

      1 reply 0 retweets 5 likes
    4. Nick Schrock‏ @schrockn 30 Jan 2018
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      Replying to @kimmaicutler

      That’s the part that is particularly funny about all this. All the histrionics from Blue state progressives are about what nets out to 2 point income tax hike on rich people.

      1 reply 0 retweets 2 likes
    5. Kim-Mai Cutler‏Verified account @kimmaicutler 30 Jan 2018
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      Replying to @schrockn

      they would prefer that the wealth that we generate locally remains local. We are already a net donor state. And this increases the subsidy that California already provides to Red States with policies (low investments in higher ed/R&D) that inhibit economic growth....

      1 reply 0 retweets 2 likes
      Kim-Mai Cutler‏Verified account @kimmaicutler 30 Jan 2018
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      Replying to @kimmaicutler @schrockn

      California has a very highly volatile financial structure because it is so progressive and tied to capital gains tax revenues, which in turn are tied to the performance of global equities markets. When those turn, there will be a catastrophic deficit and so the state needs to

      3:31 PM - 30 Jan 2018
      • 2 Likes
      • tatere.🦑 giulio rospigliosi
      1 reply 0 retweets 2 likes
        1. Kim-Mai Cutler‏Verified account @kimmaicutler 30 Jan 2018
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          Replying to @kimmaicutler @schrockn

          maintain good will with the 1%, which effectively floats half of the $90 billion or so in personal income tax revenues it collects annually. (It's a bizarre system.) http://www.ebudget.ca.gov/2018-19/pdf/BudgetSummary/RevenueEstimates.pdf …pic.twitter.com/b2O6zqKysX

          0 replies 0 retweets 2 likes
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