Data Is Beautiful

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Comparison of population, wage, and home price growth (sh.itjust.works)

submitted 1 year ago by [email protected] to c/[email protected]

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[–] jennwiththesea 5 points 1 year ago

Trump limited SALT deductions, which includes property taxes and state sales and income tax, while doubling the standard deduction. For most people living in high cost areas, especially those in states with an income tax, they would still be able to itemize for more than the doubled standard deduction, but now they can't because of the new limits. (Most) homeowners in high cost states are paying more federal income tax now because of Trump's changes to the tax code.