Quote:
Originally Posted by Tyrone Slothrop
High-earning professionals in a lot of blue states (like mine) were screwed by the Republicans' cap on the deduction of state and local taxes. Democrats want to fix it. I know it doesn't fit your preferred narrative about how Republicans make you money, but there it is. |
I like the r/e investment deductions, the LLC deductions, and I don’t care much about SALT because the house is significantly paid down. That’s the trouble with Trump. He’s a moron... but you get your cake and you get to eat it.
I won’t miss him. But I’ll have to work harder to avoid what he’s made it easy to avoid?
ETA: SALT thing also benefited states bordering high tax blue ones. Influx of tax refugees drove up house prices and growth. Post-Covid influx is nuts. I think it’s a sucker’s bet. I think NYC will roar back in 2 years. But I’ll take the growth for now. House prices tend to be sticky. They’ll revert as people head back to center cities. But there’ll still be a nice bump.
