SALT is tied back to income taxes and deductions. If you don't understand taxes, then ask questions instead of pretending and just looking foolish. Claiming property taxes are not part of SALT is easily disprovable and was a huge debate when it happened.
Previously you got to deduct as much property tax as you had. In a blue state that can be significant because they just can't stop taxing you.
Trump put a limit of 10K of SALT. While income tax is part of SALT it isn't everything. The property tax is what caused a significant tax increase for the rich.
I have now determined you don't have an expensive home or have much income, otherwise you would have instantly known what I was talking about since it was all over the news and people in blue states were angry as hell.
SALT shouldn't even be a deduction on federal taxes. You need to pay both groups. Otherwise it gives blue states the ability to dodge federal taxes.
Yes, it’s the Federal deduction of state income tax paid.
No, that isn't correct.The cite I gave you explains it. Income tax is just one portion of it.
What are you still confused about, here?
I am not the one confused. Even through I have cited it twice, you still can't grasp it's more than income tax. How about you cite where it's only income tax.
Yes! As a result, my Federal income tax liability fucking increased!
As it should have. You should be happy to pay more taxes.
You're incredibly confused. You believe I'm talking about property tax, but I'm talking about income tax.
As it should have.
No, it shouldn't have. A US state shouldn't be permitted to tax the same income twice. Each jurisdiction justly gets one bite of the apple; deduction of state taxes prevents the state from biting twice (once when you pay them, and again when they receive Federal grants.)
You should be happy to pay more taxes.
No, I vote for candidates who lower my taxes, so that I have more money.
No, it shouldn’t have. A US state shouldn’t be permitted to tax the same income twice. Each jurisdiction justly gets one bite of the apple; deduction of state taxes prevents the state from biting twice (once when you pay them, and again when they receive Federal grants.)
I disagree. If you choose to live in a high tax state, that is your choice. It shouldn't impact the funding of the federal government. This was always a bad decision.
No, I vote for candidates who lower my taxes, so that I have more money.
If you choose to live in a high tax state, that is your choice.
If you choose to live in a state that receives a substantial portion of its operating funds from Federal grants, that's your choice. It's not my obligation to fund your lifestyle through double state taxation.
I'd favor an end to SALT deductions if we also ended all Federal grants to states. Agree? Oh, but you probably live in Florida, a state funded largely by placing a burden on all other Americans.
You don't vote Republican.
I do and have. But why would I continue to, when they raised my taxes and insist on lionizing incompetent losers like Trump? Joe Biden wins. Why wouldn't I follow the winner?
If you choose to live in a state that receives a substantial portion of its operating funds from Federal grants, that’s your choice. It’s not my obligation to fund your lifestyle through double state taxation.
What state do you think operates primarily from grants? I am not aware of any.
Oh, but you probably live in Florida
Look at my name. I live in Oregon. It's not that hard to figure out.