4 ms·
Speaking as someone in a higher-tax state whose taxes went up as a result of the state tax deduction restriction in the 2017 tax bill, I wouldn't mind that if t
by ScottBurson 7y ago
Speaking as someone in a higher-tax state whose taxes went up as a result of the state tax deduction restriction in the 2017 tax bill, I wouldn't mind that if the difference were visibly going to help educate children in poorer states. Instead, it seems that a lot of it is being pocketed by people who already have a lot more money than I do. So although I can see the argument for restricting or eliminating SALT deductions, on the whole I still think the bill was terrible.
I don't think you should feel bad about accepting the EV tax credit. The purpose of that is to help jump-start the industry; restricting it by income level would have diminished the desired effect. I haven't bought an EV (yet), but I'm glad you have.