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LonePirate

(13,408 posts)

21. That's why I said raise the cap but do not remove it.

Fri Apr 16, 2021, 12:00 AM

Apr 2021

I will leave it to the policy experts to determine what a fairer level is. Maybe it's $30,000. Maybe it's $50,000. I'm not sure what it is but I think a five figure amount is sufficient; but there's no reason to push it to the six figure level.

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33 replies

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AOC calls SALT deduction a 'gift to billionaires,' opposes effort to hold up infrastructure bill [View all] Yo_Mama_Been_Loggin Apr 2021 OP

Removing the cap is a gift to billionaires. Maybe raise but definitely do not remove it. LonePirate Apr 2021 #1

I am nowhere close to a billionaire, millionaire or any other aire. I am a middle class homeowner Dream Girl Apr 2021 #16

That's why I said raise the cap but do not remove it. LonePirate Apr 2021 #21

This middle of the income individual begs to differ. aquamarina Apr 2021 #2

I'd agree except they doubled the standard deduction which more then jimfields33 Apr 2021 #3

As a single Homeowner in Connecticut, no, it didn't. NutmegYankee Apr 2021 #4

Bingo! That cap hurt us (also in Connecticut) quite a bit. And forget it if you have even.... George II Apr 2021 #8

Also in California. Gee, one has to wonder if they were targeting blue states who are hurt the most JohnSJ Apr 2021 #17

Not if you are single and your annual mortgage interest is more than 12k a year. aquamarina Apr 2021 #5

No, doubling the standard deduction (actually it only went up 80%, not 100%) affected more than.... George II Apr 2021 #6

Sorry... Wuddles440 Apr 2021 #9

Exactly, and that personal exemption was 8200 for married JohnSJ Apr 2021 #20

Umm from this middle class home owner in NY it didn't help caber09 Apr 2021 #11

With that position, she has no future in the Senate eilen Apr 2021 #24

That didn't do nearly enough to take care of the problem in high tax states. n/t pnwmom Apr 2021 #12

Only until 2025 Deminpenn Apr 2021 #22

Ditto! crimycarny Apr 2021 #10

Agree. I'm certainly not wealthy, but I have high interest payments and high property taxes. Lonestarblue Apr 2021 #13

Oy vey, I'm not a billionaire and eliminating the cap would help quite a bit. George II Apr 2021 #7

Lifting the cap benefits middle class families in higher tax state....like New York RandySF Apr 2021 #14

There are less than 700 billionaires in the USA DFW Apr 2021 #15

They get the word "billionaire" hammered into their heads and think there's a huge group.... George II Apr 2021 #26

Love AOC, she is wrong on this one lostnfound Apr 2021 #18

Another reason she'll never be a NY Senator... brooklynite Apr 2021 #19

Exactly. I don't think Chuck has anything to worry about from her eilen Apr 2021 #25

She's a bit simple minded. She has a lotto learn. Dream Girl Apr 2021 #27

we are not rich. this hurt us. Trump fucked us over to hurt blue state voters ZonkerHarris Apr 2021 #23

Blue state taxpayers are paying taxes on ALREADY TAXED money mainer Apr 2021 #28

I have never understood the SALT deducation ripcord Apr 2021 #29

By that measure, you shouldn't be able to deduct mortgages or property taxes... brooklynite Apr 2021 #30

I think all deductions should be done away with ripcord Apr 2021 #31

So, to meet the revenue needs of the Biden infrastructure plan, you and I should pay the same rate? brooklynite Apr 2021 #32

Did you miss the based on income level part of my post? ripcord Apr 2021 #33