(Those deductions (some like SALT have been in the Tax Code since 1913 to prevent double taxation) are not gone - FOREVER!).
Good! You want to live in a state with an income tax then so be it but that burden will now fall on your shoulders. you do realize that the loss in revenue from your deduction is just added onto the burden of others. It was still double taxation with the exception that not you but we covered your state tax for you. Somebody had to come up with that loss. If anything this might improve things for those with state taxes and they’ll finally grow a pair and fight against it, or move. You can’t tax what’s not there. Sir I’m in the oil and gas business and we’ve been the pissing post of this nation since I went into it. Everybody pissed on us and everybody taxed us and nobody gives a rats ass. So don’t play poor pitiful Pearl with me.
Don’t tax him and don’t tax me, tax that man behind the tree!
You do realize this deduction is because those states you are trashing are already paying more than you and I at the federal level anyway right? They aren’t subsidizing crap! They and their states are returning more of their money the feds have already stolen from them and spendingnit in the states. In essence they are truly subsidizing you and I anyway at the federal level
Boy aint that the truth.
I am gonna wait till the final bill and see what comes up. As it stands, this appears to benefit my wife and myself. But, people forget the bastard sob that started this crap back in the early 1900s.
The only way to put an end to all this is to eliminate the income tax and go to a Fair tax.
There is no difference between the German NAZI party and this Democrat party.