Tag Archives: SALT

What is SALT really about?

Here is the proper way to understand the SALT issue—whether State and Local Taxes should be deducted from taxable income on which federal taxes are levied. Assume that taxpayer 1 (Jack) in state A and taxpayer 2 (Mary) in state … Continue reading

Posted in Economics, taxes | Tagged , , , , , , | 22 Comments

SALT—More press nonsense on tax reform

The elimination of State and Local Tax (SALT) deductions from the proposed tax reforms working their way through Congress has become a hot topic. Fine, but please keep the discussion honest. Sadly my local newspaper, The Washington Post, is not … Continue reading

Posted in Debt, taxes | Tagged , , , , , , , , , | 1 Comment