[NorthMountain]

The Joint Committee on Taxation calculates that for those earning more than $200,000, the SALT deduction cuts their federal tax bill by an average $6,295.

Yeah! Damn those productive, highly paid people. Damn them all! Soak the rich!!! Make them Pay Their FAIR SHARE!!!

Bernie Sanders for President!!!

[rb22982]

Yeah! Damn those productive, highly paid people. Damn them all! Soak the rich!!! Make them Pay Their FAIR SHARE!!!

Wouldn't you rather not have deductions and just lower the statutory rate even more? Get rid of SALT. Get rid of mortgage interest. Get rid of child tax credits. Get rid of EITC. Get rid of all deductions. We should NEVER encourage higher local taxes (SALT) or debt (mortgage interest).

[lizma2]

LOL!

To be honest I don’t know enough about economics to really know what would be the best free market solution. I do think the Laffer curve nails it.

But here’s what I read about low corporate taxes. ( 1st learned about it when Ireland made a booming economy after their corporate tax break. (10%) Microsoft supposedly moved a division there.)

Most Americans have a “DUH” economics knowledge. And I’m abit in that ballpark. Have to keep learning.

https://www.cnbc.com/2017/09/26/heres-how-an-obscure-tax-change-sank-puerto-ricos-economy.html

A great of example that low corporate tax rate is an economic boom. And how progressives kill it. (The Bent One)