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But we saved everything 🙂.
A major increase in the standard deduction would most significantly lower taxes for upper-middle income households, according to Kyle Pomerleau.
Pomerleau also notes that this policy change could affect charitable giving, as the after-tax cost of donations would decrease under a larger standard deduction.
Pomerleau has previously analyzed the effects of tax policy on behavior, clarifying that land taxes do not impact incentives and emphasizing the role of property tax cuts. In separate research, he and Alex Durante examined how U.S. income tax approaches gambling and discussed potential reforms. These studies reflect an ongoing focus on how targeted tax policy changes can influence taxpayer choices.