The debate over the State and Local Tax (SALT) deduction is heating up, with opinions divided. Some argue for an income cut-off, suggesting no SALT for married couples earning more than $250,000. Others oppose any SALT deduction, believing that individuals choosing to live in high-tax states should bear the full burden. The issue has political implications, with claims that SALT cost Republicans seats in 2018. A new report argues for the elimination of the SALT deduction, stating that it subsidizes high-tax states at the expense of low-tax states.
NEW REPORT: The SALT Marriage Penalty Elimination Act would have no effect on marriage or economic growth. The SALT deduction subsidizes high-tax states at the expense of residents in low-tax states. The proper SALT deduction is $0. https://t.co/koWBe7H67g
If Californians stopped paying federal incomes taxes, 8-10 red states would go bankrupt. I like red states. I’m glad California is subsidizing red states. But it gets tiresome reading bullshit like this. https://t.co/xJRbhRvAvh
There should be zero SALT at all. You want to live on n a high tax state that’s on you not me to help you pay it. https://t.co/v6Qb1vPkcy
California was a Republican state before Ronald Regan’s amnesty turned in blue. It was Republican when I moved here. You fucking goober “conservatives” talk about family and establishing roots and then tell everyone to leave their families to save on taxes. SALT needs upped. https://t.co/MRAF4649Cx
SALT is bullshit. People choosing to live in a high tax state should not rely on low tax states to subsidize their lifestyle. CA Prop 13 for long time/legacy property owners is some of the lowest taxes in the country The Federal bill should be the same no matter where you live. https://t.co/Zs62TDX78M
Property taxes are high in New York and California due to housing costs. 10K isn’t enough. SALT cost Republicans several seats in 2018. Should have an income cut off. No SALT for married couples earning more than $250,000, for example. Needs increased tho. https://t.co/6Ofx2k3QJs