Axing NYers’ SALT Deduction
The SALT deductions have allowed states (NY, NJ, CT, CA) with high real-estate and sales taxes to be subsidized by states that have reasonable tax rates (“Tax man vows compromise,” Nov. 13).
The proposed $10,000 cap on real-estate taxes helps middle-class people and asks those paying more than $10,000 in real-estate taxes to pay their fair share.
The congressmen who oppose cutting the deductions are making noise without admitting they are helping the rich in their districts. The middle class will not lose their deduction with the proposed $10,000 cap. Peter Provenzale Somerset
Rep. Peter King stated on Fox News that if the SALT deduction is eliminated, his New York constituents will get “screwed.”
Does King not understand that SALT is already screwing New York taxpayers?
If New York pols are so concerned about their constituents’ tax returns, maybe it’s time they take a long, hard look at taxes they charge their constituents in the first place.
If not, New York will continue to create refugees like myself who move 1,000 miles south, where SALT taxes are minimal or non-existent. Patrick Phelan Sebastian, Fla.