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I thought there is $10k cap on deducting state and local

Posted on: February 13, 2018 at 08:49:41 CT
MUTGR MU
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M.O.B. Votes:
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taxes. You can still deduct them, just up to the cap.

I'm I mistaken?

Edited by MUTGR at 08:50:23 on 02/13/18
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Follow closely - Silas MU - 2/13 08:00:12
     it should all be local and the taxpayer is always screwed (nm) - 90Tiger MU - 2/13 09:38:26
     The projects will be local... why should taxpayers in MO - Spanky KU - 2/13 08:56:11
     I thought there is $10k cap on deducting state and local - MUTGR MU - 2/13 08:49:41
          yes. And if your standard deduction exceeds that, you won’t - Silas MU - 2/13 08:50:56
               How many taxpayers does that affect? 3%? 4%? - Spanky KU - 2/13 08:54:18
                    RE: How many taxpayers does that affect? 3%? 4%? - MUTGR MU - 2/13 09:05:51
                         As usual - Spanky KU - 2/13 09:39:38
     Why should the burden of Missouri taxes be transferred - Bulldog Bob Brown STL - 2/13 08:34:36
          Not being able to deduct it, you’re taxed twice - Silas MU - 2/13 08:46:54
               No, you're not. Each entity has unique, critical needs - Bulldog Bob Brown STL - 2/13 09:44:00
               Somewhat like estate taxes, right?(nm) - GA Tiger MU - 2/13 08:47:40
                    Yes. But didn’t the new tax law narrow to whom the - Silas MU - 2/13 08:49:39
                         It made some change. Won't impact me.(nm) - GA Tiger MU - 2/13 09:07:45
          Once tax law is passed there's no going back. - GA Tiger MU - 2/13 08:46:52
     He should be impeached for even proposing that - mu7176grad MU - 2/13 08:04:17
          I have a piece of advice for you - Silas MU - 2/13 08:11:13
               Now that hurts - mu7176grad MU - 2/13 08:14:10
               Chili - Tigrrrr! MU - 2/13 08:14:10
     "have to"? No, they don't have to. Try to keep up.(nm) - GA Tiger MU - 2/13 08:02:57
          Bonds would have to pay higher interest as the Fed raises - Silas MU - 2/13 08:09:39
               Quite possible. We need a day of reckoning. Or - GA Tiger MU - 2/13 08:10:59
                    this budget proposal raises the debt by $7T - Silas MU - 2/13 08:12:07
                         Hey, its already well over 100 trillion. Whats a little more - GA Tiger MU - 2/13 08:43:36
                         GOP do what GOP do - JayHoaxH8r MU - 2/13 08:18:28




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