Saturday, 2 March 2019

So SALTy: Taxpayers owe a collective $323B this year

Nearly 11 million people are losing out on state and local tax breaks due to the 2017 tax law overhaul — and now there’s a hefty price to pay. The Treasury Inspector General for Tax Administration recently released a report that estimates the combined tax bill for the 10.9 million people on the hook for property taxes above the $10,000 cap totals $323 billion, according to Bloomberg. The tax overhaul limited the amount of state and local […]



source https://therealdeal.com/2019/03/02/so-salty-taxpayers-owe-a-collective-323b-this-year/

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