State Taxes are deductible from your federal income tax.
Only up to $10,000 thank to the 2017 tax law limiting the SALT deduction.
Every time Blue checkmarks say: "bluE StATEs pAY moRe FEdEraL tAXes", they always conveniently forget that little snippet of the SALT deduction encouraging states & cities to keep raising taxes, because it was 100% deductible.
Blue States were taking more & more money, while the Feds were getting less & less. Blue governments kept increasing their State & City budgets, while also guaranteed Federal money.
So yeah, Blue State & City governments were robbing the Federal government.
State Taxes are deductible from your federal income tax.
Only up to $10,000 thank to the 2017 tax law limiting the SALT deduction.
Every time Blue checkmarks say: "bluE StATEs pAY moRe FEdEraL tAXes", they always conveniently forget that the snippet that the SALT deduction encouraged states & cities to keep raising taxes, because it was 100% deductible.
Blue States were taking more & more money, while the Feds were getting less & less. Blue governments kept increasing their State & City budgets, while also guaranteed Federal money.
So yeah, Blue State & City governments were robbing the Federal government.