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This isn't really that unusual since most of these students to tend to have low incomes when they'd be affected by this. What is funny though is how upset peopl
by jrs95 9y ago
This isn't really that unusual since most of these students to tend to have low incomes when they'd be affected by this. What is funny though is how upset people were about potentially losing the ability to deduct state and local taxes, which is something that would predominately affect upper middle class people living in blue states who tend to support tax increases. Just on richer rich people than them, apparently.
- jogjayr 9y agoIt seems reasonable to be against taking away tax deductions for state and local taxes; you're asking to be able to deduct taxes paid to a government. As a counter-example, it's also legal to take deductions for foreign taxes paid on foreign income. And plenty of lower-income people also pay state and local taxes. It's hardly the same thing as taking away, say, the mortgage interest deduction.