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berni_mccoy

(23,018 posts)

12. As a working person who pays plenty of state and federal taxes, no way. We need deductions

Reply to twodogsbarking (Reply #11)

Wed Sep 15, 2021, 10:03 AM

Sep 2021

Why?

Because without them, you are being taxed twice (or more) on the same income.

We pay local taxes on cars, homes, everything we buy. To have our income taxed twice without consideration of the other tax is not acceptable. This is why the SALT cap was so bad to begin with.

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House Democrats promise 'meaningful' relief for state and local tax deduction cap [View all] Calista241 Sep 2021 OP

This Is An Important Reform smb Sep 2021 #1

The SALT cap was a blue state punishment berni_mccoy Sep 2021 #2

It's a cap on tax deductions for rich people. Calista241 Sep 2021 #3

Rich people already pay little to no SALT. berni_mccoy Sep 2021 #4

+1 OneCrazyDiamond Sep 2021 #5

It's a punishment for people in blue states Freddie Sep 2021 #8

It's a cap on the tax deductions of middle class homeowners in blue states . N/T lapucelle Sep 2021 #10

If you pay more than $10k in property tax per year, you are very high up in the middle class Calista241 Sep 2021 #13

The "problem" BumRushDaShow Sep 2021 #17

That's not true where I live on Long Island. N/T lapucelle Sep 2021 #23

Because it's a cap on middle class families as well, some of which are barely middle class. There's KPN Sep 2021 #18

First of all TX was one of the biggest victims of the cap. cinematicdiversions Sep 2021 #14

Texas has no state income tax and the state takes more berni_mccoy Sep 2021 #21

TX has almost NJ levels of property taxes. cinematicdiversions Sep 2021 #30

That cuts both ways FBaggins Sep 2021 #20

It's easy to prevent the benefit from being too skewed to the wealthiest... thesquanderer Sep 2021 #6

Or the cap could be based on their income berni_mccoy Sep 2021 #7

THIS BumRushDaShow Sep 2021 #9

Get rid of all deductions. twodogsbarking Sep 2021 #11

As a working person who pays plenty of state and federal taxes, no way. We need deductions berni_mccoy Sep 2021 #12

It is true you are taxed twice, but OneCrazyDiamond Sep 2021 #15

Most people easily hit that in MA berni_mccoy Sep 2021 #16

Most people if MA easily hit that? OneCrazyDiamond Sep 2021 #25

Yes. Two people with combined income of 100k berni_mccoy Sep 2021 #27

Two people with a six figure income should pay more taxes. cinematicdiversions Sep 2021 #31

In that scenario I would take the standard deduction. OneCrazyDiamond Sep 2021 #32

In the city of Philadelphia BumRushDaShow Sep 2021 #19

You guys don't have a progressive rate? OneCrazyDiamond Sep 2021 #26

Most state income taxes are flat, yes. And you must factor in berni_mccoy Sep 2021 #28

No progressive rates BumRushDaShow Sep 2021 #29

I guess the rich will get their tax cut. PoliticAverse Sep 2021 #22

I don't think they will end up with a "full repeal" BumRushDaShow Sep 2021 #24

Plus forgiveness of college loans? cinematicdiversions Sep 2021 #33