The Soapbox

hoolstoptheheels

Joined: 01/04/2001 Posts: 27030
Likes: 34310


I think this is horseshit. I think limiting the SALT deduction was


Horseshit to begin with. States with higher SALT tend to be net contributors to rather than takers from federal coffers, because these states tend to provide services funded by those taxes. There is a real double taxation issue with the Trump limitations, but he also lowered marginal rates such that it was no worse than a wash for most in high tax states, I believe.

If the rates are going back up, I think the limitation should be removed, or at least adjusted as they are proposing. It's kind of horseshit for this opinion piece to call it a big windfall for anyone. It's just putting them back to where they were before Trump cut rates.

But always nice to see you embracing liberal causes my friend.


[Post edited by hoolstoptheheels at 11/17/2021 1:28PM]

(In response to this post by JMHoo)

Posted: 11/17/2021 at 1:17PM



+2

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Current Thread:
  It'll definitely help residents of NYC. ** -- Blah 11/17/2021 1:52PM
  Did 82% go to the richest 1% again? ** -- HoosWillWin 11/17/2021 1:51PM
  Too narrow a view IMO. This for the most part is not -- hoolstoptheheels 11/17/2021 2:32PM
  Yet your link is to Hot Air. Ya got me.** -- Seattle .Hoo 11/17/2021 12:45PM
  It's a tax cut for the well-off--embrace it! ** -- southdenverhoo 11/17/2021 12:44PM
  I am. I’m already holding off on my 2021 -- BocaHoo91 11/17/2021 12:59PM
  Hmm, the max went from 10,000 to 80,000, a guy maxing out -- southdenverhoo 11/17/2021 1:00PM
  I was using the poster logic -- Zhoo 11/17/2021 1:07PM
  10-15% were affected -- Zhoo 11/17/2021 3:30PM

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