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To: Wuli; Mariner
Every deduction is being supported by what are higher tax rates than would be needed without them. So the deductions for state and local income and sales taxes, for the higher tax states, have a nationally disproportionate affect of them essentially be subsidized by the taxpayers of the lower-tax states to whom those deductions have little or no impact.

What?

Are you on drugs or something?

Tax deductions are deductions. They are being destroyed by both the House and Senate bills, so that the corporations can get a massive rate cut from 35% to 20%, AND they get to keep the SALT deductions that are being made illegal or capped (we still don't know which) by both bills.

Do you understand this?

138 posted on 11/18/2017 2:30:20 PM PST by SkyPilot ("I am the way and the truth and the life. No one comes to the Father except through me." John 14:6)
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To: SkyPilot

Do you understand most corporations don’t pay taxes, they are a cost of business passed through in the prices YOU PAY for their goods and services. They are pass through collectors of taxes assessed on the national production of goods and services - a cost everyone pays for. That is why corporate tax deductions are demonstrably economic (jobs) stimulators, as many countries we compete with have learned. The fastest growing economies on any continent are the ones that have lowered their business taxes.


139 posted on 11/18/2017 2:38:17 PM PST by Wuli
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