Wealthy NYC Elites Prepare To Flee The City Under De Blasio’s Tax Burden

ㅤ”Wealthy New Yorkers can currently lower their federal taxable income by more than $100,000 through a provision of the tax code known as the State and Local Tax Deduction, or SALT. The average SALT deduction in the Manhattan area is at least $60,000.
ㅤThe Republican bill will cap the deduction amount at $10,000, meaning wealthy New Yorkers who currently write off expensive real estate could face an extra six figures in taxable income.”

ㅤô¿ô …HAHAHAHAHA !!

Full story at The Daily Caller, image from crainsnewyork(.com) • democratic party, democratic socialists, democrats, progressives, salt, socialists, standard deduction, tax deductions, de blasio, nyc ㅤ Home

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