The most prestigious law school admissions discussion board in the world.
|
 |
 
|
SALT deal reached- 40k - link
Poast new message in this thread
Date: May 20th, 2025 9:37 PM Author: Fuchsia Lodge Newt https://x.com/nicholaswu12/status/1924999549384327316 (http://www.autoadmit.com/thread.php?thread_id=5728243&forum_id=2Elisa#48949549) |
Date: May 20th, 2025 9:38 PM Author: Bright temple this reduces the deficit, right? (http://www.autoadmit.com/thread.php?thread_id=5728243&forum_id=2Elisa#48949552) |
 |
Date: May 20th, 2025 9:39 PM Author: Fuchsia Lodge Newt Big time. (http://www.autoadmit.com/thread.php?thread_id=5728243&forum_id=2Elisa#48949555) |
|
Date: May 20th, 2025 9:42 PM Author: pale sneaky criminal lol (http://www.autoadmit.com/thread.php?thread_id=5728243&forum_id=2Elisa#48949564) |
|
Date: May 20th, 2025 9:45 PM Author: razzle confused stain 40k is a small price to pay for limiting the Soviet nuclear arsenal. (http://www.autoadmit.com/thread.php?thread_id=5728243&forum_id=2Elisa#48949570) |
|
Date: May 20th, 2025 10:02 PM Author: Walnut Regret (http://www.autoadmit.com/thread.php?thread_id=5728243&forum_id=2Elisa#48949599) |
|
Date: May 20th, 2025 11:05 PM Author: Hairraiser crusty mental disorder degenerate (http://www.autoadmit.com/thread.php?thread_id=5728243&forum_id=2Elisa#48949773) |
|
Date: May 21st, 2025 9:53 AM Author: flesh office (http://www.autoadmit.com/thread.php?thread_id=5728243&forum_id=2Elisa#48950423) |
|
Date: May 21st, 2025 9:57 AM Author: Galvanic university chad (http://www.autoadmit.com/thread.php?thread_id=5728243&forum_id=2Elisa#48950429) |
|
Date: May 20th, 2025 10:29 PM Author: Laughsome liquid oxygen Add a zero pls (http://www.autoadmit.com/thread.php?thread_id=5728243&forum_id=2Elisa#48949675) |
|
Date: May 21st, 2025 12:58 AM Author: Well-lubricated Sienna Library (http://www.autoadmit.com/thread.php?thread_id=5728243&forum_id=2Elisa#48949933) |
|
Date: May 20th, 2025 10:49 PM Author: Bearded Cracking Indian Lodge The standard deduction is so high that this really only helps a very narrow group of people, most of them in blue states and top 1% or close to it. I don't think we should help those people by subsidizing their taxes, they should flee their faggot states if they don't want to pay. (http://www.autoadmit.com/thread.php?thread_id=5728243&forum_id=2Elisa#48949736) |
|
Date: May 20th, 2025 11:04 PM Author: Fuchsia Lodge Newt I just hope it helps ARE Reptile. (http://www.autoadmit.com/thread.php?thread_id=5728243&forum_id=2Elisa#48949771) |
|
Date: May 20th, 2025 11:51 PM Author: razzle confused stain Standard deduction is $30k for a married couple, basically any UMC family paying property tax + state income tax will reach that. Not 1% territory.
Note that I don't think we should subsidize any state taxes or have any SALT deduction although I would personally benefit. |
|
Date: May 21st, 2025 2:08 AM Author: Bearded Cracking Indian Lodge I didn't realize how blown out top 1% incomes had gotten but it's pretty close to it. Top 1% is 682k, average rate for states that charge income tax is around 4%. Property taxes are all over the map, but probably enough to put the hypothetical taxpayer over 30k for the most part.
Top 5% is 282k and they wont be over 30k state and local taxes unless they really try. Like there are places in texas where they could overleverage themselves and qualify for a mortgage on a place that would be over 30k property taxes, but they would be dumb to do so on that income. |
|
Date: May 21st, 2025 9:52 AM Author: razzle confused stain CA,NY,NJ,etc are all like 10% income tax plus yuge property tax, very easy for rank and file UMC-mos to reach $15k income tax + $15k property tax without being anywhere near top 1%. (http://www.autoadmit.com/thread.php?thread_id=5728243&forum_id=2Elisa#48950421) |
|
Date: May 21st, 2025 4:44 PM Author: Mint supple address thank god we are subsidizing CA, NY and NJ (http://www.autoadmit.com/thread.php?thread_id=5728243&forum_id=2Elisa#48951697) |
|
Date: May 23rd, 2025 4:12 AM Author: Bearded Cracking Indian Lodge haha I was going to say you have to be close to top 1% to pay that much in NY but then I realized there are city taxes too lmao. haha wow holy shit why would anyone pay that? (http://www.autoadmit.com/thread.php?thread_id=5728243&forum_id=2Elisa#48955636) |
|
Date: May 21st, 2025 12:01 AM Author: twisted peach digit ratio (red state scum that takes welfare from blue states) (http://www.autoadmit.com/thread.php?thread_id=5728243&forum_id=2Elisa#48949862) |
|
Date: May 21st, 2025 12:01 AM Author: Orchid locus Why should we subsidize blue state taxes? Let the people who live there pay (http://www.autoadmit.com/thread.php?thread_id=5728243&forum_id=2Elisa#48949864) |
|
Date: May 21st, 2025 12:03 AM Author: twisted peach digit ratio blue states subsidize you. red states have never once paid their fair share of taxes, period. (http://www.autoadmit.com/thread.php?thread_id=5728243&forum_id=2Elisa#48949870) |
|
Date: May 21st, 2025 12:04 AM Author: Orchid locus You're an idiot (http://www.autoadmit.com/thread.php?thread_id=5728243&forum_id=2Elisa#48949872) |
|
Date: May 21st, 2025 12:06 AM Author: twisted peach digit ratio you're an actual idiot + poor. hth (http://www.autoadmit.com/thread.php?thread_id=5728243&forum_id=2Elisa#48949875) |
|
Date: May 21st, 2025 3:28 PM Author: bespoke apoplectic cuckold station salt is stupid like libs |
|
Date: May 20th, 2025 10:52 PM Author: Diverse Dead Market the tax code makes harvey weinstein look like tom brady (http://www.autoadmit.com/thread.php?thread_id=5728243&forum_id=2Elisa#48949747) |
|
Date: May 21st, 2025 12:00 AM Author: twisted peach digit ratio 40k for couples or single filers too? (http://www.autoadmit.com/thread.php?thread_id=5728243&forum_id=2Elisa#48949861) |
|
Date: May 21st, 2025 12:50 AM Author: White Circlehead Crackhouse Fuck Cali cucks. Should’ve lowered the cap to 0 to punish them for voting blue.
(I live in California btw) |
|
Date: May 21st, 2025 1:11 AM Author: elite ruby old irish cottage Why are they raising the limit? (http://www.autoadmit.com/thread.php?thread_id=5728243&forum_id=2Elisa#48949938) |
|
Date: May 21st, 2025 1:41 AM Author: Vigorous bbw wtf supposedly capped at household making $500k or less, what’s the point then! (http://www.autoadmit.com/thread.php?thread_id=5728243&forum_id=2Elisa#48949962) |
|
Date: May 21st, 2025 2:19 AM Author: twisted peach digit ratio so BIGLAW senior associates can THRIVE (http://www.autoadmit.com/thread.php?thread_id=5728243&forum_id=2Elisa#48949978) |
|
Date: May 21st, 2025 3:32 PM Author: Talented Electric Furnace It's household income so senior associate's wife's income as speech language pathologist pushes them to $501,000 (http://www.autoadmit.com/thread.php?thread_id=5728243&forum_id=2Elisa#48951522) |
|
Date: May 21st, 2025 10:17 AM Author: Misanthropic Chapel Fortuitous Meteor Hey man, at least our blued haired baristas now makes the majority of their income tax free. https://www.nbcnews.com/politics/congress/senate-unexpectedly-passes-no-tax-tips-act-unanimous-vote-rcna208093
You? LJL |
|
Date: May 21st, 2025 10:19 AM Author: drunken brindle garrison 500k is poverty wages. In my worst year in a decade we still did $600k. (http://www.autoadmit.com/thread.php?thread_id=5728243&forum_id=2Elisa#48950465) |
|
Date: May 21st, 2025 10:26 AM Author: Fuchsia Lodge Newt They should eliminate Medicaid so you get the full deduction. (http://www.autoadmit.com/thread.php?thread_id=5728243&forum_id=2Elisa#48950475) |
|
Date: May 21st, 2025 3:21 PM Author: drunken brindle garrison They should. (http://www.autoadmit.com/thread.php?thread_id=5728243&forum_id=2Elisa#48951490) |
|
Date: May 21st, 2025 3:47 PM Author: Excitant ticket booth 300kmo in an expensive blue state here. This is a five figure tax cut for me and it’s extremely 180. Every last penny of it will go right back into the economy bc as I mentioned I’m a 300kmo in an expensive blue state and therefore barely cling to the middle class by the tips of my fingernails. (http://www.autoadmit.com/thread.php?thread_id=5728243&forum_id=2Elisa#48951549) |
|
Date: May 21st, 2025 4:26 PM Author: Misanthropic Chapel Fortuitous Meteor This is fucked up because our household income is just above $500k so we'll lose this deduction, but we're solidly middle class. (http://www.autoadmit.com/thread.php?thread_id=5728243&forum_id=2Elisa#48951645) |
|
Date: May 21st, 2025 4:40 PM Author: Excitant ticket booth You should buy an investment property and lose money on it/depreciate it. (http://www.autoadmit.com/thread.php?thread_id=5728243&forum_id=2Elisa#48951685) |
|
Date: May 21st, 2025 4:46 PM Author: Rough-skinned mustard rehab (http://www.autoadmit.com/thread.php?thread_id=5728243&forum_id=2Elisa#48951701) |
|
Date: May 21st, 2025 4:07 PM Author: turquoise twinkling uncleanness This is a literal $11k / year benefit to me.
(And yes I itemize and don't take the standard deduction) |