The Soapbox

hoolstoptheheels

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


I disagree with your last paragraph. It is double taxation by


Definition, to steal from Boca. I don’t disagree with you that there are other determining factors in takers vs makers, but for instance, if NM raised taxes to improve services to its large native population, it would require less federal support. And I’d like to see that state tax increase be deductible on the fed return.

As Boca intimates above, I agree with you to the extent that I don’t favor a SALT tax credit, but I do very much favor a SALT deduction, because it is double taxation, and it is one of the most significant determining factors in terms of who takes and who makes.

(In response to this post by Hoodafan)

Posted: 11/17/2021 at 2:40PM



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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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