Ping.
It wasn’t just the top 1% who were hurt by the SALT cap.
Not good that I had a reduction of income but ONLY because of that the new Standard Deduction was a wash.
“Senate Minority Leader Chuck Schumer (D-NY) is pushing for a repeal of the state and local tax (SALT) deduction cap”
Of course he is. whahahaha
Anything for a vote....right Chuckie?
Party of the 1 percent.
The part of the tax change I liked the best was SALT reduction combined with increased standard deduction. It simplified taxes and gave renters more of a break. The worst part of SALT is the mortgage interest deduction. Wish they’d kill it completely.
His first name should have been “dick”
Yes votes from his high tax blue state colleagues; MA, IL, CA, ... If only the same drop of 25% in NY City real estate was happening in DC (read my tagline!)
Again.
For the millionth time with this shiite.
The Progressive Satan Inspired Wilson hoisted income tax is on your income. Just because you choose to live in a thieving SHIITEHOLE that imposes confiscatory taxes on you at the point of a gun doesn’t mean everyone else has to bail you out.
That $10K SALT cap is enough for most folks EXCEPT Wealthy Suburban homeowners and coastal dwellers.
EVERYBODY else is better off.
Don’t give to charity because it’s not deductible?
WTF kind of “charitable” giving is that? That rationale for charitable giving has always pissed me off.
Give beacause you want to. Because it will make a difference, Because it will do what you want done. Because your better half tells you to. NOT BECAUSE you get to save a few pieces of silver. THAT is bot charitable giving. That’s just a tax dodge.
Render unto Caesar the things that are Caesar’s
Go away Chuck your Depends are Full
It’s a wash for me I am just over the cap now and it didn’t make any difference tax wise.
Nope. No federal deductions for the state income taxes your welfare state is collecting.
I’d suggest that Schumer lobby the DemocRATS running his state to make Federal taxes DEDUCTIBLE when computing state income taxes. I’d be OK with that.
I’d also be OK with totally eliminating SALT as itemized deductions for federal tax purposes,
Hey Chuckie, keep on taxing taxing taxing. Let’s see how well that’s accepted.