There’s a political party in the United States – the Democrats – that represents rich people and it is trying very hard to cut taxes for those rich people.
Since I don’t resent rich people (indeed, I applaud them if they earn their money honestly), I generally want lower taxes for upper-income taxpayers. But I don’t want special tax breaks for rich people. Instead, I want to cut their taxes in ways that promote greater national prosperity so that I’ll benefit as well.
- Lower top income tax rates.
- Lower tax rates on capital gains.
- Lower tax rates on dividends.
- Lower death taxes.
Sadly, those aren’t the options the Democrats are choosing.
They are putting all their energy into a dramatic expansion of the state and local tax deduction. This is the tax break that rich people get when they use state and local tax…
View original post 603 more words
Recent Comments