Among the Tax Bill’s Biggest Losers: High-Income, Blue State Taxpayers
First, this article would&#x27;ve been much better off using medians instead of means. High earner outliers tend to skew stats like these.<p>Second, it&#x27;s interesting to see people who were in favor of tax increases suddenly change their mind when it hits them. While I agree that tax cuts for the rich seem unnecessary, some tax hikes for the upper middle-class aren&#x27;t out of line compared with a Democrat led tax plan. I wonder how much our own personal interests in our money affects how we view tax plans? Most people, no matter how rich they are, seem to want those just richer than them to be taxed more.<p>Finally, although the removal of the SALT deduction will cost me significantly, I&#x27;m not sure I understand how the deduction makes sense. Why should a state raising their taxes mean you have less of a federal obligation? It only makes sense to me if states with higher taxes use less federal resources.