Current Events > SALT Cap will be increased from 10k to 80k with the new infrastructure bill

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The_Dan_Haren 11/09/21 1:07:08 PM #1:	This is a huge win for middle and upper middle class people in high-income tax states. <cite>The_Dan_Haren posted [p:959839367] in SALT Cap w... [t:79751166]...</cite> <quote>This is a huge win for middle and upper middle class people in high-income tax states. </quote> ... Copied to Clipboard!
s0nicfan 11/09/21 1:07:57 PM #2:	The Senate one? --- "History Is Much Like An Endless Waltz. The Three Beats Of War, Peace And Revolution Continue On Forever." - Gundam Wing: Endless Waltz <cite>s0nicfan posted [p:959839396] in SALT Cap w... [t:79751166]...</cite> <quote>The Senate one? </quote> ... Copied to Clipboard!
Jabodie 11/09/21 1:08:18 PM #3:	Congrats to that guy that's been mad and making topics about the SALT cap the past few years. --- <insert sig here> <cite>Jabodie posted [p:959839405] in SALT Cap w... [t:79751166]...</cite> <quote>Congrats to that guy that's been mad and making topics about the SALT cap the past few years. </quote> ... Copied to Clipboard!
The_Dan_Haren 11/09/21 1:09:41 PM #4:	Jabodie posted... Congrats to that guy that's been mad and making topics about the SALT cap the past few years. I've only been making SALT cap complaint topics for the last 1 year. <cite>The_Dan_Haren posted [p:959839451] in SALT Cap w... [t:79751166]...</cite> <quote>Jabodie posted... </cite> <quote>Congrats to that guy that's been mad and making topics about the SALT cap the past few years.</quote> I've only been making SALT cap complaint topics for the last 1 year. </quote> ... Copied to Clipboard!
Jabodie 11/09/21 1:10:32 PM #5:	My bad. My sense of time for CE posts is a little wacky. --- <insert sig here> <cite>Jabodie posted [p:959839472] in SALT Cap w... [t:79751166]...</cite> <quote>My bad. My sense of time for CE posts is a little wacky. </quote> ... Copied to Clipboard!
The_Dan_Haren 11/09/21 1:15:27 PM #6:	I've been heavily arguing this issue on Twitter and it made me realize how deep corruption in the media actually goes. If you follow the rabbit hole you realize alot of these think tanks that claim to be independent publish biased analysis trying to sway public opinion. If you trace them back to their parent companies and who is actually funding who, you realize the motive behind their bias. <cite>The_Dan_Haren posted [p:959839614] in SALT Cap w... [t:79751166]...</cite> <quote>I've been heavily arguing this issue on Twitter and it made me realize how deep corruption in the media actually goes. If you follow the rabbit hole you realize alot of these think tanks that claim to be independent publish biased analysis trying to sway public opinion. If you trace them back to their parent companies and who is actually funding who, you realize the motive behind their bias. </quote> ... Copied to Clipboard!
Tyranthraxus 11/09/21 1:17:31 PM #7:	The_Dan_Haren posted... This is a huge win for middle and upper middle class people in high-income tax states. Salt cap should only be raised for property taxes. And if you live in a neighborhood undergoing gentrification you should be able to deduct triple what you paid. --- It says right here in Matthew 16:4 "Jesus doth not need a giant Mecha." https://imgur.com/dQgC4kv <cite>Tyranthraxus posted [p:959839682] in SALT Cap w... [t:79751166]...</cite> <quote>The_Dan_Haren posted... </cite> <quote>This is a huge win for middle and upper middle class people in high-income tax states.</quote> Salt cap should only be raised for property taxes. And if you live in a neighborhood undergoing gentrification you should be able to deduct triple what you paid. </quote> ... Copied to Clipboard!
AngelsNAirwav3s 11/09/21 1:19:05 PM #8:	There isn't anything about the SALT cap in the infrastructure bill is there? I thought it was in Build Back Better. --- Hello world! <cite>AngelsNAirwav3s posted [p:959839729] in SALT Cap w... [t:79751166]...</cite> <quote>There isn't anything about the SALT cap in the infrastructure bill is there? I thought it was in Build Back Better. </quote> ... Copied to Clipboard!
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nfearurspecimn 11/09/21 1:20:24 PM #10:	what is the SALT cap? --- Wake up. You have to wake up. currently a preta/hungry ghost Dai Grepher: I was wrong. My entire theory is incorrect. Zero Mission IS a remake of Metroid. <cite>nfearurspecimn posted [p:959839757] in SALT Cap w... [t:79751166]...</cite> <quote>what is the SALT cap? </quote> ... Copied to Clipboard!
greyfox747 11/09/21 1:21:05 PM #11:	nfearurspecimn posted... what is the SALT cap? Nothing that youll ever have to worry about <cite>greyfox747 posted [p:959839777] in SALT Cap w... [t:79751166]...</cite> <quote>nfearurspecimn posted... </cite> <quote>what is the SALT cap?</quote>Nothing that youll ever have to worry about </quote> ... Copied to Clipboard!
archedsoul 11/09/21 1:23:19 PM #12:	nfearurspecimn posted... what is the SALT cap? There's currently a $10k cap on how much salt one person can produce in a year. It will be raised to $80k. --- "Fear cuts deeper than swords." <cite>archedsoul posted [p:959839859] in SALT Cap w... [t:79751166]...</cite> <quote>nfearurspecimn posted... </cite> <quote>what is the SALT cap?</quote>There's currently a $10k cap on how much salt one person can produce in a year. It will be raised to $80k. </quote> ... Copied to Clipboard!
SK8T3R215 11/09/21 1:24:04 PM #13:	I'm glad households in the top 5% of income will get to use this again! --- New York Knicks, New York Jets, New York Yankees. <cite>SK8T3R215 posted [p:959839885] in SALT Cap w... [t:79751166]...</cite> <quote>I'm glad households in the top 5% of income will get to use this again! </quote> ... Copied to Clipboard!
Tyranthraxus 11/09/21 1:24:06 PM #14:	nfearurspecimn posted... what is the SALT cap? It's a thing that makes rich people pay sightly more taxes sadface --- It says right here in Matthew 16:4 "Jesus doth not need a giant Mecha." https://imgur.com/dQgC4kv <cite>Tyranthraxus posted [p:959839887] in SALT Cap w... [t:79751166]...</cite> <quote>nfearurspecimn posted... </cite> <quote>what is the SALT cap?</quote> It's a thing that makes rich people pay sightly more taxes sadface </quote> ... Copied to Clipboard!
Squall28 11/09/21 1:30:13 PM #15:	Remember when we were about to default a month ago? --- You can't go back and change the beginning, but you can start where you are and change the ending. -Misattributed to CS Lewis <cite>Squall28 posted [p:959840070] in SALT Cap w... [t:79751166]...</cite> <quote>Remember when we were about to default a month ago? </quote> ... Copied to Clipboard!
ThePrinceFish 11/09/21 1:30:56 PM #16:	Blue state rich folk rejoice --- Then shall the righteous shine forth as the sun in the kingdom of their Father. Who hath ears to hear, let him hear. <cite>ThePrinceFish posted [p:959840096] in SALT Cap w... [t:79751166]...</cite> <quote>Blue state rich folk rejoice </quote> ... Copied to Clipboard!
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The_Dan_Haren 11/09/21 2:56:43 PM #18:	Tyranthraxus posted... It's a thing that makes rich people pay sightly more taxes sadface This is just a misconception that conservative business elites feed to poor people. It makes middle class home-owners in blue states pay thousands of dollars more. <cite>The_Dan_Haren posted [p:959842592] in SALT Cap w... [t:79751166]...</cite> <quote>Tyranthraxus posted... </cite> <quote>It's a thing that makes rich people pay sightly more taxes sadface</quote> This is just a misconception that conservative business elites feed to poor people. It makes middle class home-owners in blue states pay thousands of dollars more. </quote> ... Copied to Clipboard!
WeeWeiWiiWie 11/09/21 2:57:39 PM #19:	Fuck the middle class. --- Stabilized. COVxy alt. <cite>WeeWeiWiiWie posted [p:959842629] in SALT Cap w... [t:79751166]...</cite> <quote>Fuck the middle class. </quote> ... Copied to Clipboard!
The_Dan_Haren 11/09/21 3:05:09 PM #20:	ThePrinceFish posted... Blue state rich folk rejoice At what income and property value would you consider someone rich? Just curious <cite>The_Dan_Haren posted [p:959842882] in SALT Cap w... [t:79751166]...</cite> <quote>ThePrinceFish posted... </cite> <quote>Blue state rich folk rejoice</quote> At what income and property value would you consider someone rich? Just curious </quote> ... Copied to Clipboard!
Tyranthraxus 11/09/21 4:51:21 PM #21:	The_Dan_Haren posted... At what income and property value would you consider someone rich? Just curious The one where you pay more than $10,000 a year in SALT --- It says right here in Matthew 16:4 "Jesus doth not need a giant Mecha." https://imgur.com/dQgC4kv <cite>Tyranthraxus posted [p:959845995] in SALT Cap w... [t:79751166]...</cite> <quote>The_Dan_Haren posted... </cite> <quote>At what income and property value would you consider someone rich? Just curious</quote> The one where you pay more than $10,000 a year in SALT </quote> ... Copied to Clipboard!
The_Dan_Haren 11/09/21 4:52:25 PM #22:	Tyranthraxus posted... The one where you pay more than $10,000 a year in SALT What would that be in income tax and property value, since your whole judgement is based on that 1 number, I'm assuming you'd know. <cite>The_Dan_Haren posted [p:959846035] in SALT Cap w... [t:79751166]...</cite> <quote>Tyranthraxus posted... </cite> <quote>The one where you pay more than $10,000 a year in SALT</quote> What would that be in income tax and property value, since your whole judgement is based on that 1 number, I'm assuming you'd know. </quote> ... Copied to Clipboard!
Tyranthraxus 11/09/21 4:57:27 PM #23:	The_Dan_Haren posted... What would that be in income tax and property value, since your whole judgement is based on that 1 number, I'm assuming you'd know. Varies tremendously by state and city. It's not just one number. --- It says right here in Matthew 16:4 "Jesus doth not need a giant Mecha." https://imgur.com/dQgC4kv <cite>Tyranthraxus posted [p:959846176] in SALT Cap w... [t:79751166]...</cite> <quote>The_Dan_Haren posted... </cite> <quote>What would that be in income tax and property value, since your whole judgement is based on that 1 number, I'm assuming you'd know.</quote>Varies tremendously by state and city. It's not just one number. </quote> ... Copied to Clipboard!
SK8T3R215 11/09/21 4:59:27 PM #24:	The_Dan_Haren posted... This is just a misconception that conservative business elites feed to poor people. It makes middle class home-owners in blue states pay thousands of dollars more. https://www.cbpp.org/benefits-of-salt-cap-repeal-would-flow-heavily-to-the-top Plus the standard deduction being doubled to nearly $25K for married filers offset the loss for these "middle class" homeowners... --- New York Knicks, New York Jets, New York Yankees. <cite>SK8T3R215 posted [p:959846230] in SALT Cap w... [t:79751166]...</cite> <quote>The_Dan_Haren posted... </cite> <quote>This is just a misconception that conservative business elites feed to poor people. It makes middle class home-owners in blue states pay thousands of dollars more.</quote> https://www.cbpp.org/benefits-of-salt-cap-repeal-would-flow-heavily-to-the-top Plus the standard deduction being doubled to nearly $25K for married filers offset the loss for these "middle class" homeowners... </quote> ... Copied to Clipboard!
DrizztLink 11/09/21 5:00:05 PM #25:	archedsoul posted... There's currently a $10k cap on how much salt one person can produce in a year. It will be raised to $80k. Thank God they finally caught up to the inflation rate due to my personal salt production --- http://guidesmedia.ign.com/guides/9846/images/slowpoke.gif https://imgur.com/M8h2ATe https://imgur.com/6ezFwG1 <cite>DrizztLink posted [p:959846243] in SALT Cap w... [t:79751166]...</cite> <quote>archedsoul posted... </cite> <quote>There's currently a $10k cap on how much salt one person can produce in a year. It will be raised to $80k.</quote>Thank God they finally caught up to the inflation rate due to my personal salt production </quote> ... Copied to Clipboard!
The_Dan_Haren 11/09/21 5:01:26 PM #26:	If you make $100k per year and live in a $550k house in sacramento area, then you're considered rich by your standards. A 550k house in folsom looks like this: https://www.zillow.com/homedetails/211-Montrose-Dr-Folsom-CA-95630/25874015_zpid/ Your take home pay ends up being about low 50s thousand if you're maxing your 401k. Then if you factor in mortgage, health insurance, bills, home maintanence, food, car insurance, car payments, etc, you're probably only pocketing in the order of 1k per month. I mean you just could not be more wrong with your opinion. Straight up. <cite>The_Dan_Haren posted [p:959846286] in SALT Cap w... [t:79751166]...</cite> <quote>If you make $100k per year and live in a $550k house in sacramento area, then you're considered rich by your standards. A 550k house in folsom looks like this: https://www.zillow.com/homedetails/211-Montrose-Dr-Folsom-CA-95630/25874015_zpid/ Your take home pay ends up being about low 50s thousand if you're maxing your 401k. Then if you factor in mortgage, health insurance, bills, home maintanence, food, car insurance, car payments, etc, you're probably only pocketing in the order of 1k per month. I mean you just could not be more wrong with your opinion. Straight up. </quote> ... Copied to Clipboard!
The_Dan_Haren 11/09/21 5:05:13 PM #27:	SK8T3R215 posted... https://www.cbpp.org/benefits-of-salt-cap-repeal-would-flow-heavily-to-the-top Plus the standard deduction being doubled to nearly $25K for married filers offset the loss for these "middle class" homeowners... So those 4% in the bottom and 14% in the 'next 15%' are just collateral damage? <cite>The_Dan_Haren posted [p:959846412] in SALT Cap w... [t:79751166]...</cite> <quote>SK8T3R215 posted... </cite> <quote>https://www.cbpp.org/benefits-of-salt-cap-repeal-would-flow-heavily-to-the-top Plus the standard deduction being doubled to nearly $25K for married filers offset the loss for these "middle class" homeowners...</quote> So those 4% in the bottom and 14% in the 'next 15%' are just collateral damage? </quote> ... Copied to Clipboard!
SK8T3R215 11/09/21 5:06:27 PM #28:	Wtf I love giving tax deductions to the rich now! --- New York Knicks, New York Jets, New York Yankees. <cite>SK8T3R215 posted [p:959846438] in SALT Cap w... [t:79751166]...</cite> <quote>Wtf I love giving tax deductions to the rich now! </quote> ... Copied to Clipboard!
emblem boy 11/09/21 5:09:27 PM #29:	More tax deductions to the upper middle class and the rich --- http://avatar.xboxlive.com/avatar/emblem%20boy/avatar-body.png haters gonna hate <cite>emblem boy posted [p:959846526] in SALT Cap w... [t:79751166]...</cite> <quote>More tax deductions to the upper middle class and the rich </quote> ... Copied to Clipboard!
Antifar 11/09/21 5:10:35 PM #30:	Extremely regressive policy. Not good! --- kin to all that throbs <cite>Antifar posted [p:959846556] in SALT Cap w... [t:79751166]...</cite> <quote>Extremely regressive policy. Not good! </quote> ... Copied to Clipboard!
The_Dan_Haren 11/09/21 5:19:21 PM #31:	For those of you who are uneducated, this is a good twitter account to follow: https://twitter.com/saltcap1 <cite>The_Dan_Haren posted [p:959846812] in SALT Cap w... [t:79751166]...</cite> <quote>For those of you who are uneducated, this is a good twitter account to follow: https://twitter.com/saltcap1 </quote> ... Copied to Clipboard!
kyujo 11/09/21 5:24:22 PM #32:	Works out for me... certainly seems like a huge jump though, why not 30 or 40? --- Now Playing: BotW, Ys IX, Disgaea 6 Last Watched: Invincible, Loki <cite>kyujo posted [p:959846956] in SALT Cap w... [t:79751166]...</cite> <quote>Works out for me... certainly seems like a huge jump though, why not 30 or 40? </quote> ... Copied to Clipboard!
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What_ 11/09/21 8:13:42 PM #34:	The_Dan_Haren posted... I've only been making SALT cap complaint topics for the last 1 year. Still annoying af <cite>What_ posted [p:959851630] in SALT Cap w... [t:79751166]...</cite> <quote>The_Dan_Haren posted... </cite> <quote>I've only been making SALT cap complaint topics for the last 1 year.</quote>Still annoying af </quote> ... Copied to Clipboard!
Starks 11/09/21 8:16:32 PM #35:	No SALT. No deal. You want the entire NY/NJ Dem delegations on board or not? --- Paid for by StarksPAC, a registered 501(c)(4) <cite>Starks posted [p:959851708] in SALT Cap w... [t:79751166]...</cite> <quote>No SALT. No deal. You want the entire NY/NJ Dem delegations on board or not? </quote> ... Copied to Clipboard!
The_Dan_Haren 11/11/21 5:11:20 PM #36:	I love how all these people expose themselves for not knowing much about this thing. <cite>The_Dan_Haren posted [p:959910401] in SALT Cap w... [t:79751166]...</cite> <quote>I love how all these people expose themselves for not knowing much about this thing. </quote> ... Copied to Clipboard!
Antifar 11/11/21 6:25:31 PM #37:	https://twitter.com/JStein_WaPo/status/1458936152090681347 --- kin to all that throbs <cite>Antifar posted [p:959912497] in SALT Cap w... [t:79751166]...</cite> <quote>https://twitter.com/JStein_WaPo/status/1458936152090681347 </quote> ... Copied to Clipboard!
The_Dan_Haren 11/11/21 6:27:29 PM #38:	And that affects 2000 households, meanwhile over a hundred thousand households who make less than that will still save on taxes. <cite>The_Dan_Haren posted [p:959912574] in SALT Cap w... [t:79751166]...</cite> <quote>And that affects 2000 households, meanwhile over a hundred thousand households who make less than that will still save on taxes. </quote> ... Copied to Clipboard!
ultimate reaver 11/11/21 6:33:18 PM #39:	disgusting --- I pray god will curse the writer, as the writer has cursed the world with this beautiful, stupendous creation, terrible in its simplicity, irresistible in truth <cite>ultimate reaver posted [p:959912769] in SALT Cap w... [t:79751166]...</cite> <quote>disgusting </quote> ... Copied to Clipboard!
Starks 11/11/21 6:35:42 PM #40:	The_Dan_Haren posted... And that affects 2000 households, meanwhile over a hundred thousand households who make less than that will still save on taxes. Each value is thousands or millions of households, not 2000 total --- Paid for by StarksPAC, a registered 501(c)(4) <cite>Starks posted [p:959912835] in SALT Cap w... [t:79751166]...</cite> <quote>The_Dan_Haren posted...</cite> <quote> And that affects 2000 households, meanwhile over a hundred thousand households who make less than that will still save on taxes. </quote> Each value is thousands or millions of households, not 2000 total</quote> ... Copied to Clipboard!
Polycosm 11/11/21 6:37:39 PM #41:	Good. The low SALT cap penalizes high cost-of-living and self-help states. It affects an increasing number of California's middle class families as our median single-family home price broke $800K this year. --- Thus in 2020 did Allen send forth a great flood, that destroyed the gurus and all users that lived on land, except those in azuarc. (thengamer.com/guru) <cite>Polycosm posted [p:959912888] in SALT Cap w... [t:79751166]...</cite> <quote>Good. The low SALT cap penalizes high cost-of-living and self-help states. It affects an increasing number of California's middle class families as our median single-family home price broke $800K this year. </quote> ... Copied to Clipboard!
ChopinList 11/11/21 6:50:39 PM #42:	Is this why AOC voted against the bill? --- I for one welcome our new computer overlords <cite>ChopinList posted [p:959913230] in SALT Cap w... [t:79751166]...</cite> <quote>Is this why AOC voted against the bill? </quote> ... Copied to Clipboard!
SK8T3R215 11/11/21 8:42:38 PM #44:	The_Dan_Haren posted... And that affects 2000 households, meanwhile over a hundred thousand households who make less than that will still save on taxes. Starks posted... Each value is thousands or millions of households, not 2000 total The_Dan_Haren posted... I love how all these people expose themselves for not knowing much about this thing. --- New York Knicks, New York Jets, New York Yankees. <cite>SK8T3R215 posted [p:959916356] in SALT Cap w... [t:79751166]...</cite> <quote>The_Dan_Haren posted... </cite> <quote>And that affects 2000 households, meanwhile over a hundred thousand households who make less than that will still save on taxes.</quote> Starks posted... </cite> <quote>Each value is thousands or millions of households, not 2000 total</quote> The_Dan_Haren posted... </cite> <quote>I love how all these people expose themselves for not knowing much about this thing.</quote> </quote> ... Copied to Clipboard!
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Current Events > SALT Cap will be increased from 10k to 80k with the new infrastructure bill (+) Yeah! (+)

Current Events > SALT Cap will be increased from 10k to 80k with the new infrastructure bill