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Mr.WeRP

(858 posts)

7. No it hasn't, not the SALT from Trump's 2017 tax build

Wed May 21, 2025, 07:09 PM

May 21

The SALT being talked about here is a cap on deductions of state and local taxes (SALT). There was no cap before Trump, who capped it at 10k to hurt blue states. How does it hurt blue states? It means people who pay more than 10k on state and local taxes (income, property, excise) must pay federal taxes on those taxes, which technically isn’t net income for them. This is pretty much anyone making 60k or more in MA who owns a home. Similar for CA and other blue states. This cap started an exodus from blue states to red states that don’t have income tax (TX, FL).

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Johnson, SALT Republicans zero in on critical agreement [View all] BumRushDaShow May 21 OP

To me, SALT will always be Strategic Arms Limitation Treaty, JustABozoOnThisBus May 21 #1

LOL BumRushDaShow May 21 #2

SALT has been around since 1913 JustAnotherGen May 21 #3

No it hasn't, not the SALT from Trump's 2017 tax build Mr.WeRP May 21 #7

Yes it WAS JustAnotherGen May 21 #8

Ok we are saying the same thing. I misunderstood your response Mr.WeRP May 21 #9

Indeed - we are the same JustAnotherGen May 22 #10

So, people rich enough to live well off investments rather than pay checks get more SALT breaks Attilatheblond May 21 #4

We're middle class in Southern CA, and this will definitely help us. We took a definite tax hit when the deduction LauraInLA May 21 #6

In my Borough in NJ JustAnotherGen May 22 #11

I would be willing to bet they will then lower the standard deduction jgmiller May 21 #5