Letter: The choice is one give-away or another…

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Letter: The choice is one give-away or another give-away

A new IRS advisory is sowing confusion about early payment of property taxes.
LM Otero/Associated Press
Letter writer says the wealthy get tax breaks from Republican and Democrat plans.
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As the Republican tax reform bill moved through Washington, our Democrat leaders — Nancy Pelosi, Dianne Feinstein, Kamala Harris, etc. — labeled the bill as a tax give-away to the rich that must be opposed. One of the provisions of that law limits deductions of state and local taxes to $10,000. That limit impacts high earners in high tax states — California, New York, New Jersey, etc.— increasing the tax liability of the wealthy.

To address this effective tax increase on the wealthy, Sacramento Democrats are considering legislating that Californians could send their “taxes” to the state as donations and avoid the $10,000 cap on deductions. The wealthy would get the full tax deduction on that donation.

So let me get this straight. We should oppose the Republican tax reform because it is a give-away to the wealthy, and we should support the Democrat tax donation plan because it is a give-away to the wealthy. OK, now I get it.

Mike Swiontek
San Jose

 

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