Democrats plan to repeal state and local tax (SALT) deduction limits
Democrats are talking about repealing the SALT limits. What nobody’s talking about is that SALT is largely irrelevant to the middle class. A SALT repeal only helps the rich. And it’s a lot of money.
Here are some hypothetical examples from a high-tax, high-property-value, blue state city.
Source: http://www.wcvarones.com/2021/01/democrats-plan-to-repeal-state-and.html
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