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Could be, but if her effective tax rate (including the SALT deductions) is higher than the AMT tax rate, she'd have to pay the higher tax rate.
Yeah, well... People are stupid.
Yes, they are.
I just think that the person who wrote the article wrote it in such a way that more people would click on it, even if it meant omitting important information.
It is easy. The Dems want to tax the rich either to death or out of the country so they can have plenty of money to take care of their new pet projects the illegal immigrants.
They really do want the public dependent on big government for everything.
Democratic 2020 contenders are pushing some of the most progressive tax proposals in decades, a sign that the debate over one of President Donald Trump’s signature achievements–the Republican tax overhaul–could become a crucial issue in the primary elections.
The 2017 tax law was a major victory for Republicans who had long claimed that lowering taxes would drive economic growth. Democrats bitterly opposed the overhaul, arguing that the wealthy and corporations didn’t need a tax cut.
Now, more than a year after Trump signed the tax cuts bill, the two parties are as divided as ever on taxes.
While there’s widespread consensus among 2020 Democrats that taxes on the wealthy should go up, there’s disagreement on the details and no two proposals look exactly alike, a sign that economic policy could dominate the Democratic primaries.
Actually, Trump's tax reform dinged the wealthy. It capped the formerly unlimited SALT tax deduction loophole. And they're squealing like stuck pigs about it. For example...
The Bush Tax cuts benefited the lower and middle classes the most -- it's why Obama was forced to keep them and just raised some rates on the highest bracket. The Trump Tax cuts benefit the middle class the most AND the cuts to Business rates have jump started the economy and given us record Employment.
Leftists can't stand that -- they ARE the 1% or paid by Billionaires like Tom Steyer and George Soros.
For those of you that live in the High State Tax, Democrat controlled States -- use your head, the new Tax Law is giving you the chance to lower your State Taxes. These Democrat Leaders know that if you can't deduct your exorbitant State Taxes (make other Tax Payers pay your State Taxes) - then State Leadership will face a revolt.
They criticized President Trump’s tax cut bill as a giveaway to the rich, but now congressional Democrats are eyeing their own $620 billion tax break that would go heavily to wealthier Americans.
As they prepare to take control of the House, one high priority for Democrats from northeastern states is to look at rolling back the $10,000 limit on state and local tax deductions included in the Republicans’ 2017 overhaul of the federal tax system.
But analysts say repealing the state and local tax limit is worth just dollars to the average middle-class taxpayer. For the wealthy, though, the proposal could lower tax bills by tens of thousands of dollars.
The Tax Policy Center recently found that more than 96 percent of the tax cuts that would come from repealing the cap would go to the top 20 percent of households in terms of income.
The left-leaning Institute on Taxation and Economic Policy concluded this month that 63 percent of the tax benefits that would result from axing the cap would go to the richest 1 percent of taxpayers.
Democrats say those wealthy folks deserve some relief and argue that they were targeted because they live in high-tax states where most voters are Democrats.
One side is always talking about taking more, while the other side is always talking about taking less.
No, the conservatives do it just as Musca as the left does.
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