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(15,724 posts)

5. It's a double taxation issue for California

Thu Dec 19, 2019, 08:20 PM

Dec 2019

You're essentially paying federal taxes on the difference between state taxes/mortgage interest and the limited $10k federal deduction.

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17 replies

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If you live in California The Mouth Dec 2019 #3

The feds shouldn't be making up for high state and local taxes ripcord Dec 2019 #4

It's a double taxation issue for California Zorro Dec 2019 #5

No it isn't ripcord Dec 2019 #8

You apparently didn't understand my post Zorro Dec 2019 #10

It's a muxh harder issue than one would think MosheFeingold Dec 2019 #16

"2. Anyone hit by this is wealthy, whether they think they are or not The Mouth Dec 2019 #17

SALT would help Middle Class Americans ... aggiesal Dec 2019 #6

Blue states and cities often have higher state and local taxes IronLionZion Dec 2019 #15