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Senior Contributor

We want higher taxes on the rich, the other rich though

State and local tax deduction is mostly used by the wealthy and is unfair to residents of lower-tax states.  The rich living in high tax states are crying because they have to pay more as they can't deduct more than $10,000 in state taxes.  So like always, those who want higher taxes complain that they meant other rich guys.


As I've pointed out if you make more than $40,000 you are rich by world standards.  A fact not lost on people that want to collect taxes and raise them.