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Reply to "Do you think Trump's tax proposal will pass?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]It looks like the conference process might result in some movement on the blue state tax increase/SALT deduction. Fingers crossed! https://www.washingtontimes.com/news/2017/dec/6/pat-toomey-state-and-local-tax-deduction-changes-l/[/quote] I'm afraid they're going to water this down so much to make sure the upper-middle class in the tax-and-spend blue states don't go crazy that it will hardly be any different from what we have now. [/quote] You're absolutely nuts and a total liar. The shitty compromise is to allow filer to "take" $10K deduction either for property taxes or state income taxes. That's still a massive change from today. Huge. Especially in places like NY and NJ where a two income household is easily taking a combined SALT and mortgage interest deduction of nearly $50K. [/quote]
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