SALT

Man with all this great DOGE work and massive savings when is my income tax going to be eliminated again?

I live in NJ where my local and state taxes are very high - well over the current $10k max Fed income tax deduction. I would benefit, but I do get the argument that we should be pressuring our state and local govs to lower taxes, not expecting the Fed gov to make up for it with a high SALT.

A SALT tradeoff was inevitable in order to get this bill done. With such a thin majority they need every Republican vote. Increasing the SALT deduction is a top priority for Republicans from states like NY, CA and NJ.

In order to be fair, equitable and diverse the SALT deduction should be no more than ZERO. Why should poor people pay for rich people's expensive housing and taxes? Local and State taxes have no national benefit at all and deserve zero consideration. Personally I would benefit, but as an American and not a Progressive i oppose the poor paying for me.

As a Floridian I don’t pay state income taxes, but I pay a lot more than $10K in property taxes. I tend to agree with Skibum that I don’t think SALT deductions benefit the public good. But I would trade the deduction for some sort of upper limit or graduating scale on property taxes. This is the opposite of a regressive tax. I have many friends and neighbors who are paying well in excess of $100K in property taxes.

^ also a Floridian, the only reason why my taxes are fairly reasonable is because I have been the owner of record, since 1994, neighbors with smaller houses than mine are paying close to 14K and one particular house has an annual tax bill of 23K, which is ridiculous, and the reasons for our taxes being so high is due to the Florida legislation granting exemptions to homeowners in parcels deemed the agricultural reserve, and allowing greater density of homes in exchange for giveaways by the builders.

^ Do you pay an additional tax each year for the privilege of owning the same car you have owned for 10 years like we do? Every state with no income tax has very high real estate taxes. back in the day when Americans ran the show around here, we passed Prop. 2 1/2. It limits property tax increases to a max of 2.5% per year. Without it we'd be fucked.

We passed something similar the homestead property tax cap, problem is that when the property is sold, the assessed value skyrockets to reflect the sale price, there is a loophole in which real estate that is held in a corporation, gets sold without changing the name of the owner of the deed, but they are cracking down on that.

^BTW trying to understand the relevance of your question, of course your vehicle has to be reregistered annually.

I just know from selling my used cars to my brother in-law in Virginia that they tax you based on the value of you possessions including cars.

I'm against this subsidy for wealthy blue-staters (like myself).

^Kind of funny that the whiny bitches bitching about corporate welfare and poor people getting screwed are the same ones who want to screw poor people and make them pay welfare to wealthy blue staters. I bet these assholes tip no more than 5%.