2 ms·
Texas may not have income tax, but property tax is very high, and property values are pretty high by Texas standards.
by ld00d 8y ago
Texas may not have income tax, but property tax is very high, and property values are pretty high by Texas standards.
- tamalesfan 8y agoThe SALT deduction cap removes an important incentive for perusing (using mortgage leverage) high value residential properties. Now we just need to cap mortgage interest deduction to a much lower level. It's going to be a lot less appealing for high income people to pile into a few coastal areas when they can no longer deduct away most of their Federal tax liabilities by borrowing a $700K house.