I see the logic of the cap on the SALT deduction in that it acts as a massive subsidy from low tax states to high tax ones, but from the taxpayer’s point of view, I’m getting taxed on money that I never saw.
I’m getting taxed on money that I never saw.
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That’s one of the reasons for the standard deduction. And it’s equal across the nation.
“I’m getting taxed on money that I never saw”
That, my friend, is your problem, not mine.
The Federal Income Tax is on ALL income.
When your state steals a bunch of money from you, that’s your problem.
Why should you pay less Federal Tax than on your total income just because your thieving state wants the first dollar VIG?