The Liberals I talk to about SALT deduction have always voted Democrat and will never change.
Their entire life, DEM, DEM & DEM. It is about time they felt the bad consequences of their vote.
Pay your FAIR SHARE!
I was referring to my Republican and Independent Neighbors, not the Rats.
These are people with a Gross Income above $100,000 or closer to $150,000 with Homes that cost them anywhere from $500,000 to $800,000.
Even when I explain that their Federal Tax Rate is lower, they complain about the limitation on the SALT Deduction.
Heck, one guy just didn’t get my point that all the SALT Deduction does is lower your Reportable Federal Income and it isn’t a direct Tax Savings. They confuse Deductions with Income Tax Credits. It is very frustrating.
Another thought it meant you couldn’t write off your Mortgage Interest. I have no idea where they came up with that one except the Ceiling for the Write Off has been reduced from 1,000,000 to $750,000.
We have an uphill battle, that’s for sure.