Replies

[Intolerant in NJ:] The standard deductions are going to be doubled - this should mean that many people will no longer gain any advantage in itemizing their deductions and thus not need to consider SALT at all

Good point.

No it is not and it is, in fact, a damned LIE!

Can you offer any reason to believe this, other than using your caps key?

Forgetting about what people in high tax states pay to the state and in some instances to a city as well, and sales tax deductions too, there are many places where property taxes are very high;

As I recall, one can now deduct local sales taxes or income tax but not both. However, the point you make is also a good one.

taxes on many people SHALL go up and do so greatly.

Neither Intolerant in NJ nor I ever said otherwise - so where's the "LIE" you alleged?

I use CAPS to make the words stand out. Don't like it, n00b?

I like facts better.

I post FACTS, just because you don't like them, or refuse to accept them, doesn't mean that they aren't facts!

Nor do you even have a vague idea about that which you are blathering on about! No...in this mess, you shall NOT be able to itemize and deduct city, state, and property tax! I'm not certain, but I don't think that sales tax is deductible either. And HELL NO...you can't pick & choose what you can or can not deduct! That was a sort of proposition thrown out there, but a poster, which is NOT in this TAX CUT FOR SOME mess!

And as far as my CAP usage goes...just deal with it, silently ! You don't own this site, I've been posting here, this way, since 1998, and I, as well as others here, have their own way of posting. It is what it is!