SALT deduction without cap, good or bad idea? (user search)
       |           

Welcome, Guest. Please login or register.
Did you miss your activation email?
April 28, 2024, 08:20:29 PM
News: Election Simulator 2.0 Released. Senate/Gubernatorial maps, proportional electoral votes, and more - Read more

  Talk Elections
  General Politics
  Political Debate (Moderator: Torie)
  SALT deduction without cap, good or bad idea? (search mode)
Pages: [1]
Poll
Question: Do you support Democrats efforts to eliminate SALT cap?
#1
Democrat and favor lifting cap
 
#2
Democrat oppose lifting cap
 
#3
Republican favor lifting cap
 
#4
Republican oppose lifting cap
 
#5
Independent favor lifting cap
 
#6
Independent oppose lifting cap
 
Show Pie Chart
Partisan results

Total Voters: 25

Author Topic: SALT deduction without cap, good or bad idea?  (Read 914 times)
True Federalist (진정한 연방 주의자)
Ernest
Moderators
Atlas Legend
*****
Posts: 42,144
United States


« on: April 10, 2021, 10:21:32 AM »

The SALT cap is effectively a backdoor tax hike on the rich. The only modifications that might be worthwhile would be to eliminate the marriage penalty in the cap as it's $10k for MFH, HoH, and Single returns and $5k for MFS. Something like $6k for MFS and Single, $9k for HoH, and $12K for MFJ makes sense. I'm not tied to any particular numbers, just the 2:3:4 ratio that is already used for the standard deduction. The numbers I used in my example result in an increase for some and a decrease for others. Also indexing the cap to inflation would be reasonable.
Logged
Pages: [1]  
Jump to:  


Login with username, password and session length

Terms of Service - DMCA Agent and Policy - Privacy Policy and Cookies

Powered by SMF 1.1.21 | SMF © 2015, Simple Machines

Page created in 0.021 seconds with 14 queries.