February 27, 2019

Stupid Trump tricks: the "tax cuts" that will cost millions more

The Hill -Nearly 11 million taxpayers may be subject to the limits on the state and local tax (SALT) deduction in President Trump's tax law, a Treasury Department watchdog estimated in a report. The Treasury Inspector General for Tax Administration  estimated that if the $10,000 cap on the deduction had been in place in 2017, roughly 10.9 million taxpayers would have been unable to deduct about $323 billion in state and local tax payments on their federal tax forms.

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