7 ms·
A two earner household with a cop and a nurse benefited from SALT. The average beneficiary of opportunity zones is generationally wealthy. A pair of tech worke
by throwawaygh 4y ago
A two earner household with a cop and a nurse benefited from SALT.
The average beneficiary of opportunity zones is generationally wealthy. A pair of tech workers pulling down 7 figures a year are stupidly wealthy and still would probably not have enough capital to be the primary beneficiary of an opportunity fund.
I’m not going to defend the salt deduction because I’m not a fan of it for the reasons you mention, but comparing SALT to opportunity zones is genuinely delusional.
Pitting the lower middle class against the upper middle class over a modestly regressive tax break while folks who haven’t worked in three generations pay a 0% tax rate on the fruits of others’ labor.
- refurb 4y agoGenerationally wealthy seems like a statement that needs some data there. These investments can be as simple as opening a store. Youre putting up a straw-bogeyman that doesn’t actually exist.
- throwawaygh 4y agoCitation sorely needed. What’s the name of that opportunity fund?