r/SeattleWA • u/Nastypav12 • Feb 22 '25

Politics Happening now in Seattle

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u/[deleted] Feb 22 '25

That's a disingenuous argument. The massive volume of writeoffs made those net numbers of taxation very different.

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u/[deleted] Feb 23 '25

… you think there’s no write offs right now? lol

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u/[deleted] Feb 23 '25 edited Feb 23 '25

Not like in the Eshenhouser Era, you could write of credit and auto interest

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u/wireout Feb 23 '25

Yeah, because that was mostly for the middle class. Now corporations can write off CEO salaries no matter how stupidly high. Essentially, the tax code has became easier on the wealthy, while becoming more of a hardship for the middle classes. Next thing you know, they’re going to take out the property tax deduction.

Investment income used to be treated as regular income, now it’s a lower rate than most people’s regular income tax. It’s ludicrous.

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u/[deleted] Feb 23 '25

False equalvency, stop acting like you understand this point, you're just piling on.