3 ms·
The US tax system isn't regressive; I'm against legislating behavior through tax breaks, but calling them subsidies isn't really fair either.
by dantheman 5y ago
The US tax system isn't regressive; I'm against legislating behavior through tax breaks, but calling them subsidies isn't really fair either.
- dan-robertson 5y agoThe comment was only about parts of the us tax system. Regressive is a technical term and means that the effective rate decreases as one’s means increase. A simple example is a flat poll tax: richer people feel a much lower burden than poorer people. Mortgage contribution deductions are regressive because poorer people don’t have mortgages on average.
- missedthecue 5y agoIt's also worth noting that the mortgage contribution benefit is capped at a few thousand bucks. It primarily benefits the middle class but is an after thought to millionaires and above. It really doesn't move the needle for them.