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(16,199 posts)

7. Without state and local taxes, the mortgage interest deduction is useless.

Thu Sep 28, 2017, 02:53 AM

Sep 2017

Only the wealthiest will have the interest to offset the loss of state and local taxes to beat out the standard deduction proposed.

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12 replies

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Highlight:

Trump, Republican tax plan could be a big hit to many Californians [View all] Zorro Sep 2017 OP

And New York, and Connecticut, and ... All Blue states. SharonAnn Sep 2017 #1

Add Oregon. Shrike47 Sep 2017 #2

Could be a "big hit"? Sorry, not the best choice of words. brush Sep 2017 #3

I at first thought Californians would like it nt doc03 Sep 2017 #4

Eliminating that deduction will f*ck almost everyone in the US. CousinIT Sep 2017 #5

Elderly and very young benefit most from better blue state services. Hortensis Sep 2017 #9

K & R for exposure. SunSeeker Sep 2017 #6

No double taxation, please. . . nt Bernardo de La Paz Sep 2017 #8

Righty states Maxheader Sep 2017 #10

Message auto-removed Name removed Sep 2017 #11

K and R...for exposure... Stuart G Sep 2017 #12