Smart Tool Allows States to Circumvent the GOP Tax Penalty

Washington, DC —(ENEWSPF)—February 13, 2018

By: Karen Conner

Blue states, liberal states, democratic states, whatever you call them, the new federal tax law was written specifically to punish those states with relatively high taxes designed to provide broad, high-quality public services. The new tax code limits the amount of state and local taxes (SALT) that can be deducted from federal taxes to $10,000 per filer, per year.

There is a way to circumvent…