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U.S. appeals court rejects challenge by 4 states to state and local tax cap
msn.com ^ | 10/5/21 | Jonathan Stempel

Posted on 10/05/2021 9:50:46 AM PDT by cotton1706

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To: fireman15

“We are not rich by most people’s standards but we do pay nearly $20,000 a year in state and local taxes.”

Being from the People’s Republic of Californistan, I can sympathize. However, your complaint should not be about losing the ability to write off those taxes on your federal income tax; it should be about your local and state officials imposing such high taxes on you in the first place. All the SALT deduction does is allow the high-tax states to spread the cost of their tax policies to the residents of low-tax states who have no say, nor receive any benefit from, those policies.

Perhaps if enough people in Washington and California and other such states get tired of carrying that high tax burden themselves, they might actually vote in different leaders. The other option is to move to a state with lower taxes, as you apparently are doing and as I will be doing soon as well. If enough productive taxpaying citizens abandon these high-tax states, they will not have enough taxes to continue to support these programs and might actually have to start cutting taxes and programs to keep afloat...


21 posted on 10/05/2021 11:14:25 AM PDT by CA Conservative (Texan by birth, Californian by circumstance)
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To: fireman15

I live in MA. Another state where liberals like to tax us to death.

You’re doing the right thing in getting the hell out.


22 posted on 10/05/2021 11:15:35 AM PDT by cotton1706
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To: cotton1706

I do think people with larger incomes that get taxed to the hilt do need to consider possible moving. Companies will do so as well.


23 posted on 10/05/2021 11:20:43 AM PDT by caww ( )
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To: cotton1706
This was legislation, not an executive order.

Like I said, when has legislation or laws stopped democrats from ignoring of bypassing them?
24 posted on 10/05/2021 1:00:33 PM PDT by adorno
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To: cotton1706

They are all for ‘taxing the rich” until they find out that means them.


25 posted on 10/05/2021 2:53:50 PM PDT by hinckley buzzard ( Resist the narrative.)
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To: cotton1706; Mariner; SkyPilot; Rome2000; nopardons

Whatever one’s feelings on SALT — I think Trump’s cap was too harsh, personally — this really should be solved legislatively, not through the courts. The 2nd Circuit was right to reject this one.


26 posted on 10/05/2021 2:59:07 PM PDT by Tolerance Sucks Rocks (Florida: America's new free zone.)
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