I understand that the guy in NYC was still paying the same overall taxes since they used to be going to their local benefit in city and state taxes instead because of the deduction. But now, they are required to pay the same fed taxes as those folks in Alabama and on top of that still have their city and state taxes to pay on top of that.
As I see it, the irresponsible taxation of NYC and other large blue cities/states had previously been passed on to the general US population because we saw less fed taxes from them via those SALT deductions so that this money could fund their wasteful or extravagant programs.
Are you simply arguing that people in NYC make more on average than Al and therefore they are paying as much into the pot? This is not apples to apples. The same income in one state should be compared to the same income in another on Fed taxes, should it not?
The benefits that the NYC enjoy for their high local taxes should be paid by those same people that approved those rates and enjoy their benefits, should they not?
And finally, cannot many of these wealthy and their businesses not make the same amount or more elsewhere in this age of the internet without NYC at all? The “special nature” of all big cities is diminishing with the expansion of the internet and its commerce.
I acknowledge your professional expertise in this area, and I like to argue, but I am actually asking what you think.