Reply to 2025 SALT Deductions

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[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]

If someone moves from a livable state to Texas or Florida simply to save a few thousand dollars on taxes they'll get exactly what they deserve.

It's the same as when I see people here saying they're living in VA because of the taxes. Like if you want to live in VA because you want to live in VA go for it, but if you actually prefer to live in DC and you're living somewhere you don't really want to be to save a piddly few percent on taxes that's just sad and pathetic. Hope that long commute from your soulless suburb is really worth the extra few bucks. [/quote]

Huh? If you make $1M you’re saving a hell of a lot more than a few percent between DC and VA. And your commute is probably shorter if you’re traveling from say Lyon Village or Ashton Heights to downtown DC vs coming from Spring Valley or Kent to downtown DC. VA on $1M you pay $58K. In DC you pay $90-100K. Maybe you haven’t hit that income yet so you don’t understand though?[/quote]

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