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I agree that the solution to housing crisis in California is not by reducing taxes. I'm pointing out that progressive taxes on those who, on a cost of living ad
by maerF0x0 6y ago
I agree that the solution to housing crisis in California is not by reducing taxes. I'm pointing out that progressive taxes on those who, on a cost of living adjusted basis, have less than their less progressively taxed peers.
I full agree that housing costs should not be deductions.
Another way to think about it is that in a high CoL markets, not only does a marginal dollar buy you less marginal goods (such as a burrito), but you also are likely in a higher marginal tax rate making it geometrically worse.