4 ms·
I don't see how the tax plan helps the rural red state poor. It certainly helps the rich and prefers red states (people lose state and local deduction, business
by CalChris 9y ago
I don't see how the tax plan helps the rural red state poor. It certainly helps the rich and prefers red states (people lose state and local deduction, businesses keep it). However, the rural red state poor already aren't paying much if any taxes. It's more of a red meat issue for them.
- vostok 9y agoI honestly haven't calculated the tax difference for the rural red state poor. Are you sure they won't benefit from the increased standard deduction? If you're sure then I'll trust your calculations over my not-calculations.
- CalChris 9y agoThe lowest quintile will see about $60 of reduction which is non-zero. So the plan can say that it saves them money. However, it is not significant. http://www.taxpolicycenter.org/publications/preliminary-distributional-analysis-tax-cuts-and-jobs-act/full http://www.taxpolicycenter.org/publications/preliminary-dist...