Why Biden Wants a Cap on State and Local Tax Deductions

Tags: Taxes and Spending

07/10/2021 Georg Grassmueck

The SALT tax deduction allows state and local taxes—like property taxes—to be deducted from federal taxes. To cap it is to pave the way for the federal government to tax income twice.

Original Article: “Why Biden Wants a Cap on State and Local Tax Deductions“

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