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by toast0
1685 days ago
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If SALT goes back to being uncapped (or more precisely, capped by AMT), this is a tax cut for people it applies to. While some states toyed with workarounds to the cap that came with the Trump tax changes, I don't think it happened for the most part and states didn't reduce their taxes to compensate for the increased taxes on their residents. I wouldn't expect to see taxes being raised in the near term to compensate for reduced taxes on residents either. |
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