CTLAwyer >> I live in a state that sends more dollars to Washington in taxes than it receives back.
It pains me to observe that TDS virus affected our esteemed, and otherwise very rational, CTLawyer despite following SD to the T. Maybe TDS is transmitted wirelessly via internets….
SALT is a good example. There is no argument that this deduction was favoring rich people in states that chose to have high tax rates. You may disagree with the effect, you may disagree with other thing Pres Trump did, you may claim that CT pays extra taxes in some other aspects, but you can not disagree that this reform helps poor people and makes states more competitive between each other as their citizen understand what they are paying. All in all, a good thing.
Disclaimer: it affected me too, but was compensated by increase in standard deduction and no-upper-limits on deduction for children (thanks, Ms. Kushner-Trump!). It somehow warmed up my heart that the Feds appreciate our effort spent on educating our children even as we work hard – more than just some buildings. I guess I were to have as much RE as CTlawyer, I may think differently.
So, y