Rand Paul Tax Plan

[*michaelsean*]

(06-22-2015, 03:48 PM)Belsnickel Wrote: I get what you're saying, but keep this in mind. If all the other deductions go away, and we're not just talking the ones for itemized either, we are talking student loan interest, tuition expenses, educational materials, and a whole host of others I can't think of right now because I've spent too much time in higher ed and away from taxes, that is a lot going away for the lower-middle class homes (and I say this because oftentimes the upper income folks make too much to benefit). What is left is the charitable donations and the mortgages, two of the ones the wealthy can benefit from, and that lower income folks don't so much.

So the strategy being employed here is a smart one by Paul. He is giving the shaft to the lower-lower middle class households, and truly middle class households as well, but by maintaining those two that there are middle class families benefiting from he gets to keep the wealthy happy and hide behind the shield of "but these help the middle class, too!" This is why I consider this move to be pandering to the wealthy.

In that context I can see it, but they do still have the diminishing deduction based on income.  I can see it being more important to the upper middle class or whatever you might call the guys making middle six figures than the truly wealthy.