glenn1
Lifer
- Sep 6, 2000
- 25,383
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Considering Republicans sell tax cuts for the top few % as middle class tax cuts, shouldn't be the much of a stretch.
A NYPD detective makes ~$90k
Wife is an RN making $80k
If they want a house, they'll be in upstate or in NJ.
Avj NJ property taxes in NJ is $8500, although to be within reasonable commuting distance, it will likey be more. Either way they easily blew through the SALT limit.
So you get to defend why you want to double tax first responders when you cut DJT's estate taxes.
You get to explain why their plummeting home value is making things great again.
You get to defend the cuts to the schools and teacher layoffs that will happen when the tax base gets savaged.
You get to defend the $10,000 logic? If it's "unfair subsidies", why is $9999 ok?
You get to own the exploding deficits and the billionaires getting fatter when it was a win/lose for so many regular folks.
Even if Ds can't get the R Senate to move, they get to beat the crass GOP over this unpopular tax scam in 2020.
Then they can do real tax reform for real people.
And even if that fails... It expires in 2025
I’ve not been defending the $10k “logic” and think it should be $0. I’m sorry you incorrectly feel not allowing unlimited SALT deductions for individuals is “double tax” when in reality it’s two or more separate sovereign governments each iindeoendently charging you tax on a given amount of income. Each us a separate obligation just like your water bill has a different obligation than your phone bill. Just as it would be stupid to say “let’s lower your water bill because your phone bill is very high” It’s likewise stupid to say “Hey your state income tax bill is high so let’s lower your federal income tax bill.”