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Please remember that punitive changes like limiting SALT hurts actual people before it causes changes in the way state governments run.
by BooneJS 5y ago
Please remember that punitive changes like limiting SALT hurts actual people before it causes changes in the way state governments run.
- toomuchtodo 5y agoI assume that the SALT limitation will be removed by this administration, as it was punitive and not grounded in effective policy.
- throwaway0a5e 5y agoI agree that it was totally punitive but I fail to see how it's not fair policy. By letting people deduct state and local taxes you're basically saying that they don't have to pay fed dues so long as they're paying someone something. In effect this is a discount for high tax/high service states. Conversely you can look at it as being a tax on low tax/low service states (a discount for one thing is effectively a price increase for another). If some state wants to be low tax/low service they should be able to do that without the feds taxing them for it. The feds shouldn't be picking favorites when it comes to that kind of thing. I fail to see any justification for taxing states differently based on their own tax rates.
- toomuchtodo 5y agoWe disagree on the topic.