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A comment on The wealthiest 10% of Americans own a record 89% of all U.S. stocks. Parent comment

Re:The wealthiest 10% of Americans own a record 89% of all U... by drdec on Monday October 18, 2021 @03:21PM (#28910254)
> There's a $10k deduction for state taxes. If the state tax rate is greater than the federal rate, then they won't pay federal income tax.

That would be true if it were a credit, but it is a deduction.

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