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by briandear 2622 days ago
“Anyone?” That isn’t accurate because you’re ignoring the doubling of the standard deduction. Higher income people who itemize would be the only ones affected. And with the reduced tax rates offset some of that lack of SALT deductibility. That SALT change only really affected less than 7% of taxpayers (10.9 million filers out of 153 million who filed returns.)

https://www.cbsnews.com/news/salt-tax-deduction-on-2018-tax-...
2 comments
akhilcacharya 2622 days ago
Just putting it out there, 11 million is significantly more than the number of people that lost their insurance in the “if you like your insurance you can keep it” outrage of 2013.

So 7% is quite a bit.

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wsdfsayy 2622 days ago
I'm talking specifically about high tax states like CA, NY, NJ. If you isolate taxpayers in those states the change affects a lot more than 7% of residents of those states.

This change was about Trump's desire to hurt residents of blue, high tax coastal states. To minimize this as something that only affects the .1% is rationalizing his terrible tax policy.

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