Re:The End of Retirement (2014)
by dan-robertson on Thursday May 20, 2021 @04:43PM
(#27226963)
The comment was only about parts of the us tax system. Regressive is a technical term and means that the effective rate decreases as one’s means increase. A simple example is a flat poll tax: richer people feel a much lower burden than poorer people. Mortgage contribution deductions are regressive because poorer people don’t have mortgages on average.
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Re:The End of Retirement (2014)
by missedthecue on Thursday May 20, 2021 @06:56PM
(#27228472)
It's also worth noting that the mortgage contribution benefit is capped at a few thousand bucks. It primarily benefits the middle class but is an after thought to millionaires and above. It really doesn't move the needle for them.