I was Wrong

[william the wie]

SALT increases are driving down real estate prices in most of the country. Low SALT states are having more problems with a lack of skilled workers than with tax increases. I predicted that compounding SALT increases next year would be the start of the road to state defaults. There is now a real possibility of a default wave this calendar year.

 

[Dekster]

Lack of workers drives up wages which in turn drives up income tax revenues.

 

[Weatherman2020]

I have no idea what the Strategic Arms Limitation Talks had to do with real estate.

 

[beautress]

I have no idea what the Strategic Arms Limitation Talks had to do with real estate.

Weatherman, I found this online with a fuller explanation here: Tax Day 2019: Real Estate Taxes and the SALT Deduction After the Reform | Mashvisor

SALT stands for state and local taxes. This includes state and local:

• Property taxes
• Income taxes
• Sales taxes

Hope that helps you.