4 ms·
All fine and dandy until somebody can’t stand that somebody makes more than them and wants to point out that because you make more and maybe even spend less tha
by mbrumlow 2y ago
All fine and dandy until somebody can’t stand that somebody makes more than them and wants to point out that because you make more and maybe even spend less that your overall tax to income rate is smaller than somebody else.
Taxes are not just about revenue. It’s a political tool first. As the US government could just print money and dilute the value of the dollar as the tax.
Recent moves that show it is political. Trump administration changed rules on how income is reported that affected blue states with high house prices and income tax without affecting red states with sales tax and low house prices much, by way of limiting the deduction of interest paid and state income tax on your federal tax bill. Meanwhile the current administration often says how bad trumps “tax cuts” where without even trying to undo the increased taxes on blue states.