High income taxpayers in California and New York set for a SALT windfall in 2016

fortune.com/2025/07/16/salt-cap-california-new-york-trump-tax-bill

The Republican party is heralding its new tax legislation as a win for middle income Americans. But the most substantial tax savings in the bill is reserved for wealthy individuals across the country—and particularly in high-tax states like California and New York.
That’s because the…

This story appeared on fortune.com, 2025-07-16 18:28:38.
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