I don’t blame them. People can’t afford Bidenomics. I see people complaining all the time but elections have consequences.
I make a lot of money, so I am weathering it just fine. I am just not able to save as much as I would like.
As I said previously, I am not a fan of Trump but groceries were much cheaper under Trump. The cost of items was cheaper under Trump.
I can’t think of any way my life was worse under Trump.
The amount of state income tax, specifically.
huh?
SALT doesn’t have anything to do with property tax.
Yes it does. I even cited you an article. It’s literally what salt means. State and local Taxes
I’ll cite you something from the irs now. Rarely do I see someone so confident when they are wrong.
https://www.irs.gov/pub/irs-drop/n-20-75.pdf
(1) Section 164(a) of the Internal Revenue Code (Code) generally allows a deduction for certain taxes for the taxable year within which paid or accrued, including: (i) State and local, and foreign, real property taxes
Income taxes. How did you not get that?
Were part of personal property tax that I have cited twice now do you not understand?
What don’t you understand? I’m talking about income tax.
SALT is tied back to income taxes and deductions. If you don’t understand taxes, then ask questions instead of pretending and just looking foolish. Claiming property taxes are not part of SALT is easily disprovable and was a huge debate when it happened.
Previously you got to deduct as much property tax as you had. In a blue state that can be significant because they just can’t stop taxing you.
Trump put a limit of 10K of SALT. While income tax is part of SALT it isn’t everything. The property tax is what caused a significant tax increase for the rich.
I have now determined you don’t have an expensive home or have much income, otherwise you would have instantly known what I was talking about since it was all over the news and people in blue states were angry as hell.
SALT shouldn’t even be a deduction on federal taxes. You need to pay both groups. Otherwise it gives blue states the ability to dodge federal taxes.
Yes, it’s the Federal deduction of state income tax paid. Trump placed a cap on this deduction that hugely raised my fucking taxes.
What are you still confused about, here?
Yes! As a result, my Federal income tax liability fucking increased!
How are you still so completely confused, here?