Since the establishment of the federal income tax in 1913, taxpayers can claim the state and local tax deduction, SALT, to avoid double taxation. If eliminated, millions will pay taxes a second time on the same income. Every local tax dollar for schools, public safety and infrastructure would additionally be taxed by the federal government.
The threat could devastate communities. SALT’s not a subsidy to local governments; 39% of taxpayers with earnings between $50,000 to $75,000 and 70% of taxpayers with earnings between $100,000 and $200,000 use the deduction.
Efforts to repeal SALT should be rejected.
– Steve Benjamin, Mayor, Columbia, S.C.