Trump tax returns show previous president was topic to $10,000 SALT cap — but gurus say he might have sidestepped the restrict

Trump tax returns show previous president was topic to ,000 SALT cap — but gurus say he might have sidestepped the restrict

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Donald Trump’s cash flow tax returns for 2015 to 2020 have been publicly introduced on Friday by the Property Methods and Suggests Committee immediately after a lengthy authorized struggle.
The tax returns exhibit that he paid at minimum $5 million in point out and regional taxes every of these many years. Starting up in 2018, his tax deduction for individuals SALT payments was capped at $10,000.
Nevertheless, there may well have been a workaround involving his enterprise entities, gurus explained. It’s not possible to know from the readily available tax info, though.

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