[NYFreedom]

OK, so for the first $90k in taxable income, federal taxes go down about $7k. That is in actual taxes owed. For someone to not come out ahead, they would be needing to lose around $45k in deductions.

How much SALT do these people in blue states pay if they are claiming there taxes are going to go up?!

Please elaborate on your 7k figure.

Going from 15% with a gradual increase on anything above say 80k VERSUS 12% on 90K doesn’t even come close to $7000 in savings. I mean not even close.

And to get to 90000....how about the elimination of exemptions? How much are we saving there? I mean c’mon now.

[MMaschin]

Yep, I screwed up, I calculated single on the current system, and married on the new plan.

The difference in tax liability on the first $90k is $3,200. But that would still require a loss of over $12k in deductions to come out behind.

[Fishtalk]

What is SALT?