Wednesday, November 3, 2021

SALT Deduction Unacceptable

 To Bernie Sanders.  Here is a quick reminder...

"The repeal of the SALT provision - which caps federal deductions for state and local tax at $10,000 - has long been championed by some Democratic lawmakers, who believe that the Trump-era law unfairly impacted those in high tax blue states, like New Jersey or California.

The SALT deduction allows taxpayers to deduct their state and local tax totals from their federal obligation. Trump's tax plan especially hit people with properties in multiple states, which could deduct their state property-tax totals in, for instance, New York City, if they had a property there and a nearby state like New Jersey, Pennsylvania, or Connecticut."

The irony of this is that usually DEMs support this deduction, even though it allows people liberal states to avoid paying their fair share of federal taxes.

I personally really DISLIKE this deduction for that exact reason.  I mean if DEMs from Liberal states are going to pass a LOT of Federal spending, welfare, etc...  Then I want them to pay their FULL Federal tax bill, not get to shield their income because they live in a high tax state.  

If they want to vote Progressive, they should be happy to pay high Local, State and Federal taxes. Right?

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