Striper Talk Striped Bass Fishing, Surfcasting, Boating - View Single Post - democrat bill gives big tax cut to very wealtny

Jim in CT · 11-12-2021, 02:52 PM

the democrat spending bill
increases the deduction you can take for state and local taxes, from $10,000 to $80,000.

If you pay $80,000 in state and local taxes, you are exceedingly wealthy. The democrats are looking to meaningfully decrease the federal tax bill paid by these wealthy folks.

Interesting.

11-12-2021, 02:52 PM	#1
Jim in CT Registered User Join Date: Jul 2008 Posts: 20,429	democrat bill gives big tax cut to very wealtny the democrat spending bill increases the deduction you can take for state and local taxes, from $10,000 to $80,000. If you pay $80,000 in state and local taxes, you are exceedingly wealthy. The democrats are looking to meaningfully decrease the federal tax bill paid by these wealthy folks. Interesting.