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Originally posted by: forkushV
Meanwhile the majority of federal tax expenditures like retirement and college funds, and mortgage interest deductions go to those making over $100,000. That's some serious "free stuff" right there.
But don't worry, because it will all trickle down, right? Right?
Originally posted by: forkushV
Meanwhile the majority of federal tax expenditures like retirement and college funds, and mortgage interest deductions go to those making over $100,000. That's some serious "free stuff" right there.
But don't worry, because it will all trickle down, right? Right?
How in any mind is a deduction of tax liability "free stuff"?
And yes, it will trickle down. Anyone who takes out loans to buy a home is going to take the money from reduced tax liability and spend it elsewhere. Tips to waiters, landscaper/gardeners, housekeepers, nannies/childcare, and hundreds of other little things till the money is all spent. Where it will be taxed again.
For someone who wants to be more like Norway or Sweden your rhetoric is all wrong.