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NJ towns and cities can establish charitable entities that will allow taxpayers to add taxes to a fund that would credit money and allow taxpayers a charitable deduction (which doesn't have a limitation on deductions) and circumvent the $10,000 limitation.
I find it interesting that the average deductions for Bergen County are > $28,000! That's a nice chunk of change!
Apparently some states have IRS-approved charities already in place and NJ figures the IRS can't object without doing away with all of them.
It just goes to prove that for every political action there is an equivalent political reaction.
Maybe the thought was, "charity begins at home" or better yet "with your home"! Or with NJ ...don't get mad - get even!
Wait a minute...
To "beat the tax" Jersey is going to make the local municipalities run on charitable donations instead of taxes?
Apparently... NY thinks they can cut first responders in Albany to save money...
Eliminate 15 officers in the city's police force to save $1.6 million.
Reduce the number of firefighters by 27 over four years to save $1.2 million.
These are two of more than 50 recommendations in the long-awaited, state-ordered report completed by The PFM Group that aims to ease fiscal strains and ween the capital city off of state aid
The final suggestion of the report received Friday is a more common one: raise property taxes.
"The report provides ideas to draw from as the city examines potential cost-saving measures," said Brian Shea, Mayor Kathy Sheehan's chief of staff. "The premise of the report is providing us cost-saving options that would reduce our need for state aid. Some of the ideas we may agree with, and some we may not."
Here's an idea...
Try operating within a budget, you money hungry idiots.
Stop making everyone pay for your inability to operate within a budget without having to raise taxes and cut services... just a thought...
The $10,000 cap on SALT tax deductions means that "the rich" will have to pay more taxes and Democrats don't like it. But wait...
1) I thought libs and Dems hated "the rich";
2) I thought libs and Dems loved higher taxes;
They're now plotting to continue funding their high tax gov't and get around paying their fair share to the federal gov't. Kirk Stark, a law prof at the University of CA came up with the idea to donate money to their state gov't, then let the gov't credit those donations against their state income taxes. The donations would qualify as charitable donations, which are still fully deductible on federal taxes. In effect, it preserves the state income tax deduction.
I am one of those rich guys. I'm fine paying taxes around where I was paying, which was already high; I'm not that fine with a plan that specifically targets blue areas for increased "punishment" to subsidize tax breaks "gifts" to red states for further support.
With this tax plan, it is clear that Trump considers himself President for some, but not other parts of America.
And then you talk about how he's not divisive...lol
I am one of those rich guys. I'm fine paying taxes around where I was paying, which was already high; I'm not that fine with a plan that specifically targets blue areas for increased "punishment" to subsidize tax breaks "gifts" to red states for further support.
No target involved.
Your excess SALT is between you and your government.
It is not up to us to maintain an unfair subsidy to you to offset it.
I am one of those rich guys. I'm fine paying taxes around where I was paying, which was already high; I'm not that fine with a plan that specifically targets blue areas for increased "punishment" to subsidize tax breaks "gifts" to red states for further support.
With this tax plan, it is clear that Trump considers himself President for some, but not other parts of America.
And then you talk about how he's not divisive...lol
What ? SALT has been rising for years and the Fed is getting less revenue because of it.
The limit seems fine and won't affect many since only 30% itemize.
If anything turn to your local government and start asking why are my taxes so high ?
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Or with NJ ...don't get mad - get even! 
