3 ms·
There was no rich/poor distinction in my example. The only variant is local vs federal funding. And comments to 'who does the park value more', is irrelevant
by greysphere 5y ago
There was no rich/poor distinction in my example.
The only variant is local vs federal funding.
And comments to 'who does the park value more', is irrelevant as well. The park could be substituted with anything with any moral (or immoral) value.
If it cost 10$ in resources to cure cancer for everyone in the world forever, the federal government would be able to do it for 10$, while for the local government it would cost 12$, 10$ to cure cancer and 2$ in taxes paid to the federal government by it's constituency.
- disgrunt 5y agoThere was no rich/poor distinction in your example because you're ignoring the fact that the SALT deduction only comes into effect with itemized tax filings. >90% of the country takes the standard deduction, of which this SALT deduction has no effect. As such, only the highest tax brackets are affected by this cap. Let's be honest about what this uncapped deduction was, it was a means to disproportionately keep rich tax payers tax dollars in their local areas. The middle and lower classes don't even come close to this $10K cap, nor do they file itemized taxes. Do we really need tax laws to help further the rich enrich themselves? If you really want to end this double taxation, then I'm all in favor. But it must apply to all forms of taxation and all tax brackets.