You don’t support the reduction of federal taxes who those who took an increase in the last round?
Perhaps you would like to eliminate all exemptions?
I know I would. Then you could pay at the same rate as me.
“You don’t support the reduction of federal taxes who those who took an increase in the last round?
Perhaps you would like to eliminate all exemptions?
I know I would. Then you could pay at the same rate as me.”
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Two things.
First, you don’t have the slightest idea of the rate or the amount of federal taxes that I pay.
Second, if the 10K SALT cap is lifted, anyone using it should figure their taxes under the tax rates and brackets that existed BEFORE the Trump tax reforms.
And third, yeah I’ll go with the elimination of all exemptions as long as ALL itemized deductions are eliminated. And that would, of course, include elimination of both ALL SALT deductions and ALL mortgage interest deductions. Then we’ll all swim and compete in THAT pond.