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A comment on Evidence from leaked account data on how elites use offshore banking [pdf]. Parent comment

Re:Evidence from leaked account data on how elites use offsh... by ixacto on Saturday May 08, 2021 @06:15PM (#27091263)
Why should people in states that do not have an income tax have to effectively subsidize the SALT tax deduction?

Maybe it will make ca/ny think twice about having such high tax rates…

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Re:Evidence from leaked account data on how elites use offsh... by philjohn on Saturday May 08, 2021 @07:10PM (#27091651)
Do they fund the SALT deduction? NY and CA pay more in taxes to the Federal government than they receive back in inward investment. Sounds like it's the states with no state tax that are being subsised to me.
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Re:Evidence from leaked account data on how elites use offsh... by ixacto on Saturday May 08, 2021 @10:19PM (#27092608)
WA/TX/FL do not have an income tax and still pay more to the Federal Government than they receive.

IMO the SALT deduction is a horrible thing and allows state governments to become way too bloated.

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