A luxury tax can reduce jobs since some wealthy folks won’t buy due to hate of the tax.
But an income tax deduction causing the reverse emotion & more jobs? Meh, I doubt it.
.
(Hateless wealthy folks for whom luxury tax puts one yacht out of their range will pick a cheaper boat)
86% of Americans don't itemize so those deductions are mostly for the top earners. All non monetary loss deductions should be eliminated and individuals should pay 0 tax on first 20k
@RBReich
G' Morning
Want impact?
The more folks who will cite "Equal" & retrace the path that resulted in the US Const, the more peaceful & united Our future can be
The "Consent of the governed" is for
the Truth in the words They wrote
To Clarify
200 million take It away
The American populous!
Ripe for the picking or what??
The immorality of our legislators and the consent of 'we the people' to be pillaged is unconscionable!
America..have a koch and a smile
We are Like no other!