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Money and Finances
Reply to "Trump flip flops on SALT Tax Deduction"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Latest is $40k per household for earners under $500k.[/quote] This benefits low earners who inherited houses with high taxes and old people in big houses with high taxes. Both groups are fine.[/quote]Isn’t this always the problem with these carve outs, etc. This group or that group can claim it’s unfair, someone else unfairly benefits. Better to just not go there. No Federal tax break for state taxes. If you don’t like your state tax, move to another state.[/quote] I’m fine with my taxes. I’m against carve outs if SALT is expanded. I’m also against mortgage interest being written off up to $1M for homes bought before 2017 and up to $750K for homes bought after, which is an even more arbitrary carve out. End the carve outs! [/quote]
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