Reply to 2025 SALT Deductions

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]if your MAGI is under $500,000.  Phases down to $10,000 if MAGI is over $600,000[/quote]

As it should[/quote]

Not necessarily - it still encourages wealthy people to move to Florida or Texas or other no/low tax states. [/quote]

wealthy people don't want to live in texas or florida.[/quote]

Based on typical late‑2025 inventory patterns:

- Washington DC metro: a few dozen homes for sale with asking prices above $5 million (concentrated in Northwest DC, close‑in Montgomery County, and Northern Virginia).

- Florida statewide: low hundreds of homes for sale above $10 million (concentrated in Palm Beach County, Miami‑Dade, Broward, Collier/Naples, and the Keys). Large public portals list many ultra‑luxury properties but don’t provide a precise statewide count in one view.[/quote]

Right. As I was saying, the super wealthy don't want to live in Florida. That's why there is so much inventory.[/quote]

You’re forgetting the mega wealthy don’t live anywhere FT. In this area it’s a Georgetown or NW home + Nantucket for summer + Naples or Palm Beach for winter. Some throw in the random Europe estate or winery too. All traveled to via their long haul jet with a FT crew so they can depart whenever and wherever they want.  [/quote]

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