Reply to 2025 SALT Deductions

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]if your MAGI is under $500,000.  Phases down to $10,000 if MAGI is over $600,000[/quote]

As it should[/quote]

Why “as it should”? Why should I be punished for my financial acumen and success?[/quote]

You aren’t being “punished.” Change your framing.

[/quote]

Enlighten me. The government is taking more from me because I make more despite the epic amount of wasteful govt spending.  That seems like punishment to me.[/quote]

Then you have a puerile understanding of how things work.

Our income tax is progressive. You pay more because you have the ability to pay more and have also disproportionately benefited from the public goods that facilitated your income and wealth. It isn’t “punishment.” On the contrary.[/quote]

I don't think you sell taxation by justifying it by claiming people who have more money disproportionately benefitted from public goods. It doesn't work that way. In fact, public goods are mostly designed to benefit the public at large. And if public goods disproportionately benefit the wealthy, doesn't that make them by definition biased?[/quote]

The argument is that the wealthy were only able to get that way due to government spending that provided the stability (and infrastructure/basic research) for capitalism to flourish.  [/quote]

How does that justify progressive taxation? We tax progressively because poor people don't have any money, not because people who have higher incomes benefitted disproportionately from the system of public goods.[/quote]

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