Introduction Imagine a family in suburban New York, carefully budgeting and planning for their future. They value their local schools, rely on community services, and diligently pay their property taxes. Before the Tax Cuts and Jobs Act, they could deduct the full amount of their state and local taxes (SALT) on their federal return, easing … Read more
Introduction The economic landscape of the United States is rarely static, constantly shifting under the weight of evolving policies and priorities. One such policy, a seemingly innocuous provision embedded within the Tax Cuts and Jobs Act (TCJA) of 2017, has become a significant fiscal fault line, dividing states and sparking intense debate: the Salt Cap. … Read more
Introduction The chasm between the wealthiest Americans and the rest of the population is a topic of constant debate. The top one percent, often cited as holding a disproportionate share of the nation’s wealth, is a figure that fuels discussions about economic fairness and the role of government in shaping financial outcomes. Amidst these conversations, … Read more
