irvine buyer
Active member
Based on your earlier post, I assume you are referring to the SALT cap, which most affected higher income taxpayers living in states with high state income tax rates as well as those paying high property taxes. I feel your pain as it affects me as well. If that bothers you, then the freebies being handed out by Democrats in our state should bother you as well. I haven't looked at recent stats but California has been the number one state in welfare spending and that is reflected in the high state income tax rates levied on higher income California residents.I mean I mostly agree with you, but Trump has enacted more socialist tax policies than any democrat has in my lifetime.
Take this state welfare model, apply it to the federal level, and that's what you can expect from the Harris/Walz presidency. Do you think your Federal income tax rates would go up or down in that scenario? There's a video of Harris explaining the concept of equality vs equity. While she believes some people need more to get them to equal (equity), both paths lead to the same end game ..... you will be paying a lot more to subsidize people who as you mentioned are already not paying their fair share.
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