Reply to 2025 SALT Deductions

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][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]

Based on typical late‑2025 inventory patterns:

- Washington DC metro: a few dozen homes for sale with asking prices above $5 million (concentrated in Northwest DC, close‑in Montgomery County, and Northern Virginia).

- Florida statewide: low hundreds of homes for sale above $10 million (concentrated in Palm Beach County, Miami‑Dade, Broward, Collier/Naples, and the Keys). Large public portals list many ultra‑luxury properties but don’t provide a precise statewide count in one view.[/quote]
are you really comparing the entire state of Florida and its coastline with one metropolitan region with its own specific (government) industry? People from NY, Boston, and abroad also have been choosing to retire in Florida for the last 70 years now. Damn, MAGA is truly bad at reasoning[/quote]

Are you one of those posters who ruin every thread by shouting MAGA at every topic? It is tiresome and delusional.

Florida has long been a popular destination for the very wealthy. A combination of tax friendly governments and lifestyle options makes Florida attractive, especially when factoring in the generous state residency policies. There is wealth in Florida and Miami that you don't see around DC for the most part.

Texas also has a high concentration of very wealthy people due to the state's energy and business markets. Austin, Dallas and Houston all have their large quotas of billionaires and you will find high end properties to match. There's a level of architecture and new construction of very high end properties in Texas that is almost nonexistent in the DMV. There's a lot of wealth in both Florida and Texas, more than in most states when you get down to it. You can shout MAGA as often as you want but this is a pattern that long predated Trump by decades.

[/quote]

Well since DCUM posts are overwhelmingly liberal (it’s like 99% liberal) I can’t say I blame MAGA folks for shouting. DCUM is a liberal echo chamber for the most part.[/quote]

Income taxes were a lot higher in the eras that MAGA seems to yearn for. [/quote]

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