Back to State and Local Tax (SALT) Deduction (November 2021)
Model Estimate T21-0281 - Repeal $10,000 Limit on Deductible State and Local Taxes (SALT) for those with Adjusted Gross Income less than $400,000, by Expanded Cash Income Percentile, 2021 t21-0281_1.xls
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Table shows the change in the distribution of federal taxes relative to current law from repealing the $10,000 limit on deductible state and local taxes (SALT) for those with adjusted gross income (AGI) less than $400,000, by expanded cash income percentile in 2021. The phase in limit would be between $400,000 and $500,000 of AGI.
Model Estimates Type Distribution Tables by Income Percentile
Primary topic Campaigns, Proposals, and Reforms
Topics Current legislative proposals Income tax (individual) Tax expenditures (individual) State and local taxes
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