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To: knighthawk

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.


7 posted on 07/16/2020 1:11:52 PM PDT by teevolt
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To: teevolt; Mariner; SkyPilot

Worst part of the increased Standard Deduction is that it has disincentivized charitable giving for most taxpayers, except perhaps those on the front end of a mortgage with just around the $10K limit in SALT.


9 posted on 07/16/2020 1:17:20 PM PDT by lightman (I am a binary Trinitarian. Deal with it!)
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