(12-14-2017 12:28 PM)bullet Wrote:  

(12-14-2017 09:44 AM)b0ndsj0ns Wrote:  

(12-14-2017 09:06 AM)Kaplony Wrote:  

(12-14-2017 08:35 AM)b0ndsj0ns Wrote:  

(12-14-2017 08:13 AM)solohawks Wrote:  I think it was a way to try and keep State tax brackets in check. If residents of states are no longer able to deduct the enormous amounts they are paying in high tax states, these states will be under pressure to begin to lesser the tax burden

Over the long term you are right it probably would, but the short term impact would likely be pretty devistating to many in those states. I get that in a lot of ways this is a math equation to make it all the numbers work, but I’m going to go out on a limb and say many more would be hurt by the repeal of SALT than helped by the repeal of the estate tax.

I know of a bunch of middle class families, mine included, who wish the death tax had been repealed long ago so we wouldn't have had to sell family land.

Just from a quick google search the threshold for the estate tax in 1997 was 600k. I would certainly agree that’s far too low and absolutely could hammer some middle/upper middle class families. The exception for this year is just under 5.5 million. You are not in any version of the middle class if you are above that.

A million ain't what it used to be, especially if you live in a large city with the high housing prices.