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To: nicollo

It hurts the middle class because they are the ones who pay local and state taxes, vehicle taxes and property taxes that are far in excess of 10K. Duh! A tax cut that ends up raising taxes on trump voters is NOT the smart move.


80 posted on 12/19/2017 9:36:05 PM PST by Okeydoker
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To: Okeydoker

From: http://www.factcheck.org/2017/11/facts-salt-deduction/

“... 45.7 percent of tax filers in Maryland in 2015 took the state and local tax deduction, with an average claim of $12,931, while at the opposite end of the spectrum, 16.9 percent of filers in South Dakota claimed an average deduction of $6,098”

Read that carefully, in MD that’s $12K in SALT deductions on AVERAGE. So these numbers are not being driven by the middle class.

Nationally, it’s the same story: only 30% of tax filers itemize, so it’s high-income earners in high-tax states who will be impacted by the SALT deduction limit, not the breadth of the American middle class.

As for other taxes and fees you cite, irrelevant.


83 posted on 12/20/2017 7:07:14 PM PST by nicollo (I said no!)
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