New Jersey

TexasTowelie

(116,766 posts) Wed Sep 19, 2018, 08:29 PM Sep 2018

Here's how Trump law limiting your property tax break hurt Jersey's middle class

WASHINGTON -- When pushing for limiting how much you can deduct for state and local taxes on your federal income taxes, Republican lawmakers argued that such breaks were unfair because they subsidized the super rich -- especially in states like New Jersey.

But new statistics show the impact of the tax law signed by President Donald Trump hits far more New Jerseyans who make far less.

Most New Jersey households affected by the Republicans' $10,000 cap on the state and local tax deduction make $75,000 to $200,000 a year, new studies show.

That's 860,000 Jersey households in that income range whose average state and property tax deduction exceeded $10,000, according to Internal Revenue Service statistics.

Read more: https://www.nj.com/politics/index.ssf/2018/09/this_is_who_is_really_hurt_by_trump_tax_bills_cap.html

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Here's how Trump law limiting your property tax break hurt Jersey's middle class (Original Post) TexasTowelie Sep 2018 OP

Eliminating the property tax break was meant to hurt Democratically leaning urban areas htuttle Sep 2018 #1

While I agree with you sentiment trixie2 Sep 2018 #2

htuttle

(23,738 posts)

1. Eliminating the property tax break was meant to hurt Democratically leaning urban areas

Reply to TexasTowelie (Original post)

Wed Sep 19, 2018, 08:40 PM

Sep 2018

The idea being that if your property taxes were high, you probably lived in an area that provided more government services, hence, were probably liberal.

trixie2

(905 posts)

2. While I agree with you sentiment

Reply to htuttle (Reply #1)

Wed Sep 19, 2018, 08:56 PM

Sep 2018

In my neck of the woods urban areas have lower property taxes than rural areas. Rural areas have the worst city services too. Example: I live in a medium size city and paid (get this) $1,009 last year and have water, sewers, choices of cable/wife companies, recycling, paved roads, 711s, restaurants, choice of grocery stores and butchers............My sister lives in the same county and paid $6,000 last year and has no garbage pickup AT ALL, one must take trash to the dump, no water, no sewers and no gas lines. She is a Dem but there were Trump signs on all the other houses. Idiots!

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