Earlier quoted context omitted.
People are leaving for FL and TX cause taxes you add in the salt deduction change its considerable. Have lived in FL TX and NY. Why hasn't the Biden administration fixed this, by the way? Anyone know? Frankly it's astonishing how few Trump-era policies have been reversed by this administration. When the GOP-dominated Congress acted to remove the SALT deduction, I always assumed it was just a bit of petty electoral re…
Because SALT deduction benefits only go to the top 5% to 10% income households. Democrats do not really have a leg to stand on if they want to push progressive taxes. With the standard deduction at $13k/$25k, only the richest households in the solid Democrat states are affected by SALT deduction caps, and there is no reason for politicians not from those states to compromise on it. Even the politicians from the high…
That's not a reason. Double taxation of individuals is not OK.