How will SALT have wealthy people leaving for red states? It’s part of the federal tax code. Are you thinking wealthy people stayed in typically higher taxed blue states for the tax deduction?
Alas the worst kind of brain dead post is the "oh yeah....well Trump did....."
Speaking of a poor sense of reasoning what's your reasoning for posting about Trump's Follies in a Biden's Follies thread?
The doubling of the standard deduction helped renters and was a hit to wealthier people along with SALT. Those that rent have been screwed out of the ability to deduct mortgage interest which can be tens of thousands of dollars a year. We had just sold our house and was renting for a couple years until we bought. And we paid cash so even if it was available we’d have no interest to deduct. The doubling of the standard deduction gave renters an immediate $12k a year additional deduction (for married couples) which is huge.
It’s a Twit For Brains post that has no base in reality but only based in feelz. Don’t waste your time.
BTW one of the biggest tax benefits of the TCJA went to lower and middle class folks. No one EVER brings this up other than me. Thanks Dinald!
And in turn for those tickets giving my tax money to the firm that bought the tickets. So it’s MY money that bought those tickets. The problem starts with the lobbyist offering the tickets. That’s how they cleaned up my industry. Wholesalers were no longer allowed to offer incentives. Can’t accept what’s not being offered.
Seriously? You don’t think there is any quid pro quo going on?? Let’s walk through this shall we. I want some government cheese. I send a lobbyist to DC to talk to my local representative to get me my cheese. I get my cheese and my local representative is seen later that year cheering at the Super Bowl. Hmmmmm… now how did he get to that game