4 ms·
The outliers at the extreme top are bad examples. According to the government and my tax rate, I'm a winner. Most people I know that went to grad school are wi
by ivankirigin 17y ago
The outliers at the extreme top are bad examples.
According to the government and my tax rate, I'm a winner. Most people I know that went to grad school are winners. As an example, the income cutoff for being unable to deduct interest on student loans is ~$140K for a joint filing.
So the only way you can deduct your interest from your student loans is if you didn't actually do well in applying your education and getting a well paying job. I.e. punish the winners.
This example isn't about billionaires. It's about people that make only a small amount more than the median salary. They're punished like this all the time, and it's bad for society.
[note: if you don't get paid well because you are a struggling musician, or social worker, my analogy of using your college degree well is not relevant. It's a careerist analogy]