4 ms·
The SALT deduction did not mostly benefit the rich. It benefited people who live in states that actually provide services to their constituents.
by tedivm 4y ago
The SALT deduction did not mostly benefit the rich. It benefited people who live in states that actually provide services to their constituents.
- timr 4y ago...who mostly happen to be rich. Particularly if they make enough money and/or pay enough in tax to hit the cap.
- tedivm 4y agoIt was a middle class tax increase for California and New York.
- timr 4y agoYou can say that, but no, it's for certain parts of those states, and middle class for those parts of California and New York is de facto rich for most of the country. I say this as someone who would actually benefit from the deduction. Do I swim in my Scrooge McDuck coin vault every evening? No. But I'm not going to pretend that I'm not well-off.