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November 10, 2021

Pay Your Fair Share! Self Serving Tripe

Remember this every time Pelosi or Biden talk about paying your fair share.

From The Committee for A Responsible Government:

"The current version of the Build Back Better Act under consideration in the House would increase the state and local tax (SALT) deduction cap from $10,000 to $80,000 through 2026..... there is no such thing as progressive SALT cap relief. Roughly 98 percent of the benefit increase would accrue to those making more than $100,000 per year, with more than 80 percent going to those making over $200,000."

In other words, if you (Nancy Pelosi) live in a multi-million dollar 16.55-acre estate with your own vineyard in Saint Helena, CA (Napa Valley) and pay $80,000 a year in property taxes, and you are in a 40% tax bracket this would allow you to deduct (write-off) $80,000, saving yourself $32,000 annually in federal income taxes.


Posted by Rick | November 10, 2021 08:26 AM | Political Science ~ | Social Studies

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