Reply to The increase in SALT caps is so ridiculous

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Did our taxes.  The increase in SALT now means it is far better for us to itemize than do standard deduction.  Before this change, we would only get back about $400 per year total, because we were pretty on par for paying the exact amount of taxes as we should.  Now with the SALT cap increase, we are getting a massive return more than $6000.

You know what I’ll do with this money?  Probably just stuff it in the bank account.  Not really going to stimulate the economy with it.  The national debt is exploding, yet I have no idea why the govt wants to give well off DINKS like us huge tax returns.  We were drinking a $280 bottle of wine the other night for a weekday dinner. I really don’t need this money and rather the country remained solvent.

[/quote]

So, OP, you’re basically complaining because a new change in tax law provides you and many more households with [b]more tax filing options[/b]? Thanks to the increased SALT deduction, our itemized deduction option for 2025 jumped to $69K vs. $39K. We’re still $4900 over the $40K cap. For us, itemizing makes more financial sense for us personally either way. Regardless, we choosing the standard deduction anyway because: 1. we don’t need the money, 2. we do want to stimulate the economy and keep the treasury solvent, and 3. we care more about others than we do ourselves.

Every person that files taxes is free to choose whether to itemize or to use the standard deduction. We and most of our wealthier friends usually pick the option that puts more money back into the hands of the USG so it can be redistributed to those that are truly in need. I’m actually sickened by your post, OP, and the fact that you wouldn’t do the same. Do you also steal money from the church collection plate, inflate the value of your charitable contributions, and drive an EV just b/c you can charge it for free at work or the airport?!?

MAGA and BBB aren’t to blame for our massive debt. It’s greedy, selfish, virtue signaling people like you, OP, that – when given the opportunity – always optimize for their own self interest.

Stop buying $280 bottles of wine for yourself and start donating $280 here and there to some local charities so fewer children starve every day. You’re about as low as one can get, OP. [/quote]

Taking a legal deduction isn't 'stealing from a collection plate'—it’s following the law. Shaming others for not making a 'voluntary donation' to a debt-ridden federal agency doesn't help the poor; it just makes you feel morally superior while the systemic problems worsen.[/quote]

PP again
Plus...
The OBBB actually cuts Medicaid and student loan programs to partially offset the cost of tax breaks like the one you are grandstanding about.
The SALT cap increase alone is estimated to cost the government $140–$145 billion over 10 years.

The so-called tips you are leaving behind for IRS is no match for the massive fiscal burden you are leaving behind for posterity.[/quote]

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