To understand what they are talking about, it is using state tax payments as a deductible on federal tax payments. So anyone who pays 80k or more in local and state taxes can write it off on federal taxes. To give you an idea, someone who make 80k a year IN CALIFORNIA would only spend 5k on state taxes.
The SALT deduction encourages funding of local bullshit by letting people write it off. The federal government is effectively paying for bad state policies.
Yes I would imagine states that have the most military bases, farming, and resource gathering operations would require federal dollars on infrastructure.
So, corrupt old slug gets propelled into office, corrupt establishment proceeds to loot and pillage the treasury, makes sure their wealthy donor class gets their fair share via generous tax write-offs.
To understand what they are talking about, it is using state tax payments as a deductible on federal tax payments. So anyone who pays 80k or more in local and state taxes can write it off on federal taxes. To give you an idea, someone who make 80k a year IN CALIFORNIA would only spend 5k on state taxes.
The SALT deduction encourages funding of local bullshit by letting people write it off. The federal government is effectively paying for bad state policies.
honestly, I prefer bad state policies over bad federal policies. The closer the shit is to home, the more it stinks and the more people want it gone.
Yes I would imagine states that have the most military bases, farming, and resource gathering operations would require federal dollars on infrastructure.
The first one plays the game of conflating Feds hiring people for real jobs (e.g. Los Alamos National Laboratories) with welfare.
So, corrupt old slug gets propelled into office, corrupt establishment proceeds to loot and pillage the treasury, makes sure their wealthy donor class gets their fair share via generous tax write-offs.
Robbery, plain and simple.
Yes and it makes me want to vomit every time I hear that phrase. Fucking globalist scum...
"Build Back Better for us, to hell with you."
The only silver lining about a higher SALT is that it keeps CA, NY, NJ faggots out of red states.
It also incentives blue states over red states though
That it does. But it keeps us separated. And looking back on what has happened in Texas in the last 4 years I’d say keep them high.