Trump tax cuts

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:SALT deduction.

10?
20?
30?

What’s it going to eventually be?

It will stay at 10. The NY/CA/NJ Republicans will get rolled.

It seems like everyone has agreed on 30...but the NY/CA/NJ want it to be $100k.

Hopefully it will be a lot higher. Why should NY/CA/NJ subsidize the rest of the country?

Because those states always have

[Anonymous]

Latest version of House bill: https://docs.house.gov/billsthisweek/20250519/BILL-TO-BILL_BILLS-119pih_to_RCP_119-3_FINAL.pdf

Notable provisions related to SALT:
-Keeps the marriage penalty for SALT.
-Increases SALT deduction to $30K for single, MFJ, or head of household. MFS get only $15K each.
-SALT deduction amount shall be reduced by 20% if "modified adjusted gross income" is greater than $400K for single/HoH/MFJ or $200K for MFS

I will be shocked if Tristate GOP delegation goes for this.

[Anonymous]

At this point I want my federal taxes to be as low as possible since my blue state will not get them back like they did before for the science and other reasonable spending. I would prefer some sort of per capita fixed fee for the defense spending and that's it. Let's go and truly give states the money to spend as local voters want it.

[Anonymous]

A blip on the radar but if they don’t extend my teen kid will prob have to file taxes as his income will go over the new (old) lower standard deduction.

[Anonymous]

Anonymous wrote:At this point I want my federal taxes to be as low as possible since my blue state will not get them back like they did before for the science and other reasonable spending. I would prefer some sort of per capita fixed fee for the defense spending and that's it. Let's go and truly give states the money to spend as local voters want it.

It sounds like you want to get rid of the education department and a few other federal agencies?