House GOP tax bill calls for ‘SALT' deduction cap of $30,000 for most taxpayers.

[Marener]

People with salaries over $100k don’t get overtime - or they shouldn’t. Once you have a high salary, you’re paid for the job - not by the hour.

You don’t know what you’re talking about.

 

[Nostra]

All the sudden Dimwingers don’t like taxing the rich.

 

[leftwinger]

Oh? Forgot. SALT includes property tax + state income tax.

In 2018 CA maybe $5K income tax (on AGI). But property tax is another story. 1.125% on million dollar homes = $11,250. So normal people in CA have ~$16K SALT deductible.

The STD deduction (married joint) is better. $30K, $15K single.


$10million dollar home cannot deduct $112K + high income tax. Hurts to be so wealthy.

You wanted to TAX the rich…..there it is.

 

[Nostra]

Why do people who work overtime refuse to pay their fair share?

Link?

 

[Marener]

Link?

The One, Big, Beautiful Bill is a Once-in-a-Generation Chance

Here are five reasons why President Donald J. Trump’s One, Big, Beautiful Bill is a generational opportunity to deliver the long-term changes Americans

www.whitehouse.gov

 

[citygator]

How do you limit a salt tax based on income? That makes no sense. A max makes sense but having a $10k limit for someone making $1M and $30k limit for someone making $499K seems weird. I get a max deduction but limiting by income range is weird. There are some tax deduction you get $0 if over a certain level but a reduced deduction is something I cant think of a similar one.

 

[Nostra]

The One, Big, Beautiful Bill is a Once-in-a-Generation Chance

Here are five reasons why President Donald J. Trump’s One, Big, Beautiful Bill is a generational opportunity to deliver the long-term changes Americans

www.whitehouse.gov

Oh, so that are paying taxes on overtime.

Next?

 

[Nostra]

How do you limit a salt tax based on income? That makes no sense. A max makes sense but having a $10k limit for someone making $1M and $30k limit for someone making $499K seems weird. I get a max deduction but limiting by income range is weird. There are some tax deduction you get $0 if over a certain level but a reduced deduction is something I cant think of a similar one.

Keep fighting for no taxes on the evil rich.

 

[citygator]

Keep fighting for no taxes on the evil rich.

Keeping the cap low on the rich doesnt RAISE taxes dipshit, it just doesnt cut them further. LOL. You earn your nickname regularly Nostradumbass. My question was on the logistics of it. Cant think of a similar tax treatment, but I am open to being corrected.

 

[Nostra]

Keeping the cap low on the rich doesnt RAISE taxes dipshit, it just doesnt cut them further. LOL. You earn your nickname regularly Nostradumbass. My question was on the logistics of it. Cant think of a similar tax treatment, but I am open to being corrected.

Sure it does. It reduces their deductions resulting in more taxes.

Man, you are really stupid.

Keep fighting for lower taxes on the evil rich. It’s truly amazing the hoops you Cult morons jump thru to knee jerk oppose anything Trump does.

He has broken every one of you. You are nothing but a steaming pile of unhinged butthurt.

 

[citygator]

Sure it does. It reduces their deductions resulting in more taxes.

Man, you are really stupid.

Keep fighting for lower taxes on the evil rich. It’s truly amazing the hoops you Cult morons jump thru to knee jerk oppose anything Trump does.

He has broken every one of you. You are nothing but a steaming pile of unhinged butthurt.

They ALREADY have the lower deduction. NOT raising it doesnt RAISE their taxes. It keeps it the SAME. How dumb are you?

 

[Moonglow]

Neither is your rent money, your electric bill or your water bill, but you can't write them off either.

If it is a business, you can.

 

[leftwinger]

They ALREADY have the lower deduction. NOT raising it doesnt RAISE their taxes. It keeps it the SAME. How dumb are you?

SALT CAP is $10K now on everyone.

Now only below $400K income can go up to $30K SALT CAP.

So therefore high income lose $20K possible deductions.

Probably 99% of country (regular people) will still use STD deduction. Just leave it as-is.

 

[citygator]

SALT CAP is $10K now on everyone.

Now only below $400K income can go up to $30K SALT CAP.

So therefore high income lose $20K possible deductions.

Probably 99% of country (regular people) will still use STD deduction. Just leave it as-is.

LOL. "losing a possible deduction" is not raising their taxes from where they are today. It doesnt raise taxes.

 

[Nostra]

They ALREADY have the lower deduction. NOT raising it doesnt RAISE their taxes. It keeps it the SAME. How dumb are you?

Keep defending the evil rich.

 

[SweetTea]

If it is a business, you can.

And?