3 ms·
The cap on SALT deductions is insane. More punishment for having to pay city and state taxes...
by sk5t 6y ago
The cap on SALT deductions is insane. More punishment for having to pay city and state taxes...
- dsfyu404ed 6y agoHow is it insane? Allowing SALT deductions at all allows states and municipalities to skip out on federal taxes by taxing themselves. That's money that isn't going into medicare, the VA, etc, etc, (thereby defeating the point of funding those things at the federal level) and instead is going directly into state/local coffers which defeats the point of having uniform federal taxes for funding federal programs. I'm personally paying more thanks to the deduction cap but I understand the principal of it.