The 2017 “Tax Cuts and Jobs Act” introduced a $10,000 limit on SALT deductions, and the consequences are now becoming apparent. Some Americans are responding to the change by moving into states where they can limit their government fiscal liabilities.
Wednesday, June 26, 2019
Fox Expert: New York, California High-Tax Exodus 'Just Beginning'
Fox Expert: New York, California High-Tax Exodus 'Just Beginning':
The recent state and local tax (or SALT) deduction cap is pushing some residents out of states with higher tax rates, and some believe it will get worse.
The 2017 “Tax Cuts and Jobs Act” introduced a $10,000 limit on SALT deductions, and the consequences are now becoming apparent. Some Americans are responding to the change by moving into states where they can limit their government fiscal liabilities.
The 2017 “Tax Cuts and Jobs Act” introduced a $10,000 limit on SALT deductions, and the consequences are now becoming apparent. Some Americans are responding to the change by moving into states where they can limit their government fiscal liabilities.
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