Reply to Is there any momentum to increase SALT limit

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Eventually it’ll happen because property values are skyrocketing in Texas (particularly in DFW) which is a no-income tax state. Eventually the ENTIRE Texas delegation will push for it or play a critical role in allowing the limit to sunset as currently scheduled in 2025.

[b]Fundamentally, the SALT limit is good policy. I say this as someone who would have a lower tax bill by about $20k under the old rules.[/b] [/quote]

Agree wholeheartedly. We would save a similar amount as you, and while I'd take more money in my pocket, I don't understand why a millionaire in Maryland or New York should have a lower federal tax burden than a millionaire in Nevada. [/quote]

Because you never even saw the money? You are paying taxes on money that never made it to your account? It’s awful. [/quote]

You want high taxes at the local level. You alway want high taxes at the federal level but you don’t want to pay for both?

There are a whole bunch of other areas where double taxation applies. In particular with SS. You really want to go down this road?[/quote]

Repealing the SALT cap would be a hugely regressive tax cut for the wealthy.  Naturally the great and the good oppose the cap because someone ELSE is supposed to be paying for all that is required to fund liberal policy preferences and they can feel good about shamelessly violating their stated principles to advance their own material interests because TRUMP.  The level of intellectual dishonesty is staggering.  [/quote]

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