Liberals are very confused. Is anyone surprised? They bitch all the time about how people are allowed to keep too much of the income they earned. Now they are suing to avoid paying their fair share of the Federal burden. They got exactly what they demanded. Now they are crying. Should high tax states pay their faire share of Federal income tax or should they continue with the lawsuits to avoid paying their fair share?
I have mentioned this topic before and it was moved to the rubber room by a mod. I am hopeful the title and topic will stick this time.
New York, 3 other states sue over federal tax reform law
"The SALT cap limited the amount of state and local tax — including property tax and state income tax — that can be deducted from married and individual federal tax filings.
The $10,000 limit took effect this year and will apply when people fill out their federal returns in 2019. Previously, taxpayers were allowed to deduct their entire state and local tax bill from their federal returns.
The cap hits high-tax, high-wealth states like New York particularly hard, with about 30 percent of the state's taxpayers expected to be impacted. It only applies to those who itemize their federal returns and pay more than $10,000 in state and local taxes."
I have mentioned this topic before and it was moved to the rubber room by a mod. I am hopeful the title and topic will stick this time.
New York, 3 other states sue over federal tax reform law
"The SALT cap limited the amount of state and local tax — including property tax and state income tax — that can be deducted from married and individual federal tax filings.
The $10,000 limit took effect this year and will apply when people fill out their federal returns in 2019. Previously, taxpayers were allowed to deduct their entire state and local tax bill from their federal returns.
The cap hits high-tax, high-wealth states like New York particularly hard, with about 30 percent of the state's taxpayers expected to be impacted. It only applies to those who itemize their federal returns and pay more than $10,000 in state and local taxes."
