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"SALT is a direct handout to wealthy homeowners." The SALT deduction benefits people in high tax states which happen to also be states where democrats hold pol
by pmorici 5y ago
"SALT is a direct handout to wealthy homeowners."
The SALT deduction benefits people in high tax states which happen to also be states where democrats hold political power. Many of them ran on restoring the SALT deduction. It benefits states that have high tax rates not exclusively 'wealthy' home owners.
- adam_arthur 5y agoTexas was the number 4 state for number of SALT deduction claims due to the high property tax. The vast majority taking the deduction are going to be well off homeowners. But yes for sure, high state income tax and other factors play in as well.
- pmorici 5y agoTexas is an outlier.