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Crucially, it’s not just about a large net property holding. It’s about having a a large percentage of your personal worth in property. If you’re making a lot i
by awinder 8y ago
Crucially, it’s not just about a large net property holding. It’s about having a a large percentage of your personal worth in property. If you’re making a lot in salary, or you’re passing down millions in wealth, you’ve been offset on the personal property tax and other components of SALT. If you’re in the top 20% and you’re not getting offset on higher tax bands, you’re not offset.