| ▲ | jedberg 3 hours ago | ||||||||||||||||||||||||||||||||||
It might be a few people nationwide, but it's a whole lot of families in the Bay Area, New York, Los Angeles, and a few other major cities. The law was specifically designed to punish these people. Remember, at first they wanted to drop the SALT deduction completely to punish blue states. Edit: It seems that people are assuming I'm against removing the SALT deduction. Far from it. I am glad they got it done despite being a political third rail for a long time. And despite being a huge beneficiary of the SALT deductions myself. I don't think people choosing to live in high tax states should get to save on their federal income taxes. | |||||||||||||||||||||||||||||||||||
| ▲ | contubernio 2 hours ago | parent | next [-] | ||||||||||||||||||||||||||||||||||
Those people should be taxed a lot. | |||||||||||||||||||||||||||||||||||
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| ▲ | Auracle 2 hours ago | parent | prev [-] | ||||||||||||||||||||||||||||||||||
Don’t tax the rich (and yes, 600k for a couple per year is absolutely rich territory)? “They need to pay their fair share!” Tax the rich? “They’re targeting people in blue cities!” The SALT deduction is nonsense. Why should high tax states effectively be able to take money from the federal government? | |||||||||||||||||||||||||||||||||||
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