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spanone

(135,844 posts)
Tue Dec 5, 2017, 01:44 PM Dec 2017

Among the Tax Bills Biggest Losers: Blue State Taxpayers Who Earn More Than $200,000

While the Republican tax overhaul would add up to an overall tax cut for individual taxpayers, at least through 2025, millions could still immediately receive a tax increase. For many, particularly in Democratic areas, the increase would come from the repeal of the state and local tax deduction, known as SALT.

Because Democratic voters are more concentrated in high-tax states like New York and California, taxpayers in counties that voted for Hillary Clinton take much larger SALT deductions on average. Upper-class taxpayers are much more likely to claim more than the higher proposed standard deduction (roughly $24,000 for couples in both versions of the bill).

There are a handful of Republican counties, particularly in New York and New Jersey, that claim high amounts of SALT deductions. Many of the 13 Republican representatives who voted against the House version of the tax bill cited the SALT changes.

The issue has been less controversial among Republican members in the Senate, because none of the senators representing the top 10 states taking the SALT deduction are Republicans.


https://www.nytimes.com/interactive/2017/12/05/us/politics/tax-bill-salt.html
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Among the Tax Bills Biggest Losers: Blue State Taxpayers Who Earn More Than $200,000 (Original Post) spanone Dec 2017 OP
In NJ, there are more wealthy Reps than Dems, so I say... Fuck them. It will turn NJ solidly Blue. TheBlackAdder Dec 2017 #1
using the tax code to punish political enemies...how 'presidential' spanone Dec 2017 #2
There is nothing Presidential about Trump. He is an ass clown, and a low-class poser at that. TheBlackAdder Dec 2017 #3
This is going to fuck a whole lot of Texan Republicans elehhhhna Dec 2017 #4

TheBlackAdder

(28,209 posts)
1. In NJ, there are more wealthy Reps than Dems, so I say... Fuck them. It will turn NJ solidly Blue.
Tue Dec 5, 2017, 01:58 PM
Dec 2017

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If this happens in a few more Blue States, the House of Representatives will slowly shift closer towards Democrats.

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