SALT fact of the day

In 2014 nearly 90% of the benefits of the state and local deduction as a whole flowed to those with incomes over $100,000.

So limiting the value of this deduction is obviously a good idea, right?  No one is suggesting that this “tax hike” will ruin blue state coastal economies?  Everyone is on board?  Good, glad to hear that.

That is from The Economist.


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