The alternative is a consumption/fair tax. Po’ folk will pay a higher percentage of their income on necessities while the rich can’t spend theirs fast enough.
It’s been said that 20% tax rate is the sweet spot for growth and freedom. If the feds go way down what’s to stop the locals from jacking theirs up to cover the difference?
Skin in the game. There’s gotta be something I it for the masses otherwise it’s a no-go.
Mortgage deduction-I’d limit it o $200k-one time only. Watch prices go down.
Which tax is worse-property or income?