alt Hacker NewsIt's funny that me pointing out the fact removing the SALT deduction was meant to punish rich people makes people think I don't like it.
In fact, I was glad they got it done. The Dems didn't object very hard because they knew it had to go too. It's interesting that they didn't put it back when they had the chance.
I don't think the federal government should lose money when people choose to live in high tax states. And I pay high taxes in a high tax state.
It’s even more nuanced than that. The no income tax states like Florida get supplemented more from the federal government. So fed taxes with SALT limits are relatively shifting even more burden to the residence of states who tax their residence and pay for their own local services, which then having to do pay more of the burden for no income tax states.