"Federal Government's SALT Cap Results in $20 Billion Loss, Reports WSJ"
TL;DR Summary
Many business owners in the US are able to legally avoid the $10,000 cap on state and local tax deductions, resulting in an estimated loss of $20 billion per year for the federal government, according to the Tax Policy Center.
Topics:business#business-owners#federal-government#politics#salt-cap#tax-deductions#tax-policy-center
- The SALT Cap Has a $20 Billion Hole The Wall Street Journal
- WSJ: SALT Cap Losing $20B to Fed Newsmax
- View Full Coverage on Google News
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