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Trump is on Capitol Hill right now scorching the 4 NY repubs for demanding SALT
Posted on 5/20/25 at 8:43 am
Posted on 5/20/25 at 8:43 am
I live in California and the 2017 TCJA actually very slightly hurt me because of the salt cap, but the blame lies with Cali, not the Feds.
The salt deduction should be zero. It shouldn’t exist. It’s unfair, illogical, and lets blue states raise taxes without penalty.
Completely ending SALT would a large amount of needed revenue
The salt deduction should be zero. It shouldn’t exist. It’s unfair, illogical, and lets blue states raise taxes without penalty.
Loading Twitter/X Embed...
If tweet fails to load, click here. Completely ending SALT would a large amount of needed revenue
8
Posted on 5/20/25 at 8:45 am to HailHailtoMichigan!
Why antagonize middle class voters in Blue states whose votes we need to keep the House?
Posted on 5/20/25 at 8:47 am to Riverside
The middle class does not utilize salt!!! That is a complete myth.
Posted on 5/20/25 at 8:51 am to HailHailtoMichigan!
quote:
The middle class does not utilize salt!!! That is a complete myth.
In NY they definitely do, people in LI and upstate vote Trump and use SALT to write off their property taxes
Posted on 5/20/25 at 8:57 am to ChanceOfRainIsNever
In Mike Lawler’s district, less than 8% of voters took the salt deduction
Posted on 5/20/25 at 8:57 am to ChanceOfRainIsNever
SALT effects on average 17% of US households
It is a direct tax on the top 20% of income households.
It is a direct tax on the top 20% of income households.
Posted on 5/20/25 at 9:01 am to BuzzdLightBeer
Easy solution is for Elise Stefanik or whoever else is running for governor in 2026 in New York, California, Illinois run an a platform that eliminates the state income tax 
This post was edited on 5/20/25 at 9:02 am
Posted on 5/20/25 at 9:02 am to BuzzdLightBeer
quote:
It is a direct tax on the top 20% of income households.
You mean tax break.
Posted on 5/20/25 at 9:06 am to HailHailtoMichigan!
quote:
Completely ending SALT would a large amount of needed revenue
Terrible idea! States need revenue, and the taxes to raise that revenue should not be taxed by the Federal Government. I like the idea of a cap because otherwise a socialist state, like California, could go full on socialism and the feds would get no income tax.
Posted on 5/20/25 at 9:06 am to HailHailtoMichigan!
Posted on 5/20/25 at 9:07 am to HailHailtoMichigan!
quote:if they itemize they do.
The middle class does not utilize salt!!! That is a complete myth.
Posted on 5/20/25 at 9:08 am to HailHailtoMichigan!
quote:
The middle class does not utilize salt!!!
I would be surprised if the number is large at all... This is so their rich friends and they can write off their State's taxes on their Federal return...
Posted on 5/20/25 at 9:08 am to Penrod
quote:Those residents would move to another state and the Fed would get tax income that way.
socialist state, like California, could go full on socialism and the feds would get no income tax.
This post was edited on 5/20/25 at 9:10 am
Posted on 5/20/25 at 9:10 am to Riverside
quote:
Why antagonize middle class voters in Blue states whose votes we need to keep the House?
You are definitely correct but at the same time Trump is dead right. It makes no fricking sense whatsoever to have the deduction.
It allows these states to offload their own stupid political decisions on to the federal government.
Posted on 5/20/25 at 9:10 am to HailHailtoMichigan!
quote:
The salt deduction should be zero. It shouldn’t exist. It’s unfair, illogical, and lets blue states raise taxes without penalty.
It also benefits the higher earning taxpayers. Pay enough in state taxes, now you can deduct mortgage interest AND investment interest. So it’s effectively cheaper for them to borrow making it easier to free up cash.
The charitable contribution deduction is now open to (if you hit the itemized threshold) which is how the ultra rich scratch each others backs.
Posted on 5/20/25 at 9:14 am to dkreller
quote:
You mean tax break.
It’s semantics. If my marginal income is taxes at 15% by the state and 40% by the feds, and I make another $100, then I pay $55 in taxes. If I can deduct state income taxes then I still pay $15 to the state, but my federal tax is 40% of $85, or $34. So I pay $51 in total taxes.
Neither one of those seem fair. Paying over 50% in total income taxes should be against the Constitution.
I’m in favor of deduction for state taxes with a limit of about 8%. A state that goes above 8% is trying to replace the federal government. If they do that then screw ‘em.
Posted on 5/20/25 at 9:18 am to dkreller
quote:
Those residents would move to another state and the Fed would get tax income that way.
Some would; some would not be able to. I’m not in one of those states, but if I was I would have to suffer it because my grandkids are here.
Posted on 5/20/25 at 9:19 am to HailHailtoMichigan!
What is salt? Some sort of property tax write off?
Posted on 5/20/25 at 9:27 am to BuzzdLightBeer
quote:
SALT effects on average 17% of US households
It is a direct tax on the top 20% of income households.
So making the rich pay more?
Posted on 5/20/25 at 4:15 pm to HailHailtoMichigan!
Those are some good lobbyists.
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