Posted on 11/14/2021 1:25:37 PM PST by Kid Shelleen
As Glenn Reynolds likes to say, they told us that voting for Donald Trump would mean Congress would pass big tax breaks for the rich — and they were right! Democrats have spent the last four years complaining about Trump’s 2017 tax cuts and insist they want the rich to pay their fair share. Their latest change to Joe Biden’s Build Back Better plan imagines that most millionaires have overpaid.
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Of course, this is by design, and it’s getting pushed by blue states that impose the highest tax burdens in the country. The new-ish proposal raises the deduction cap from state and local taxes (SALT) from $10,000 to $72,500. Now … which brackets of earners pay more than $10,000? $20K? $40K? Hint: it ain’t the middle or working classes, not even in New York or Californi
(Excerpt) Read more at hotair.com ...
The move subsidizes high tax states to push their tax rates even higher. Screw you, successful businessman!
Have to create a company in a free state to subcontract to or from.
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