“It also plays mostly to the benefit of a very few states. California and New York taxpayers soak up almost third of all benefits from SALT deductions; add in New Jersey, Illinois, Texas, and Pennsylvania, and they account for more than half of its benefits. Taxpayers in most other states end up footing the bill.”
About time somebody recognizes that property taxes in Texas are confiscatory. They don’t even have the state income tax so all of this SALT comes from their property taxes. No I must not be all of the state because Texas freepers swear up-and-down they pay hardly any property tax. But when we lived in Corpus Christi for one year we paid more in property taxes than we did in state income tax, property tax, and DMV fees in California.
Nevertheless, all these states need to put pressure on their state governments. It’s not the feds fault that they are overtaxed.