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You can make the same argument about every single deduction. Texas family makes large donations to Christian churches. Why does a secular family in blue state s

by dmode 9y ago

You can make the same argument about every single deduction. Texas family makes large donations to Christian churches. Why does a secular family in blue state subsidize that deduction ? Texas has higher property taxes ? Why does a California family with low property taxes subsidize that ? Texas did not expand Medicaid. Which means an average citizen can have higher medical spending ? Why does another state with expanded Medicaid subsidize that deduction ? I can keep going on the myriad of all other deductions. Out of all these, there is a reason only SALT was chosen to be eliminated. It is not some equalizer of burden. It is a political deduction.

meritt 9y ago
Tax payments which directly fund public schools (SALT) are no longer deductible but they added the ability for private school tuition to be deductible. This is going to have dire consequences for America's public school system.
- deleted 9y ago
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BeetleB 9y ago
>You can make the same argument about every single deduction. And there's a good reason to eliminate most deductions. A lot of deductions complicate the tax code, and many likely exist to create loopholes by which people can avoid taxes. The purpose of a deduction usually is to promote a certain type of activity (buying homes, giving in charity). >Out of all these, there is a reason only SALT was chosen to be eliminated. It is not some equalizer of burden. It is a political deduction. While it may be politically motivated, I should point out that interest on mortgages and property taxes were both considered at some point, but ultimately ruled out as being politically untenable. So it's a bit of both.
- klipt 9y ago
  > I should point out that interest on mortgages and property taxes were both considered at some point, but ultimately ruled out as being politically untenable. The GOP house Ways and Means head is from Texas which is a red state, relies heavily on property taxes and has no income tax. Coincidence? I think not.

by dmode 9y ago

meritt 9y ago

Tax payments which directly fund public schools (SALT) are no longer deductible but they added the ability for private school tuition to be deductible. This is going to have dire consequences for America's public school system.

deleted 9y ago
[deleted]

BeetleB 9y ago

>You can make the same argument about every single deduction. And there's a good reason to eliminate most deductions. A lot of deductions complicate the tax code, and many likely exist to create loopholes by which people can avoid taxes. The purpose of a deduction usually is to promote a certain type of activity (buying homes, giving in charity). >Out of all these, there is a reason only SALT was chosen to be eliminated. It is not some equalizer of burden. It is a political deduction. While it may be politically motivated, I should point out that interest on mortgages and property taxes were both considered at some point, but ultimately ruled out as being politically untenable. So it's a bit of both.

klipt 9y ago
> I should point out that interest on mortgages and property taxes were both considered at some point, but ultimately ruled out as being politically untenable. The GOP house Ways and Means head is from Texas which is a red state, relies heavily on property taxes and has no income tax. Coincidence? I think not.