Brand new 2017 Income tax Cuts and you can Services Acts (TCJA) costs limited an effective taxpayer’s deduction out of county and you will local fees (SALT) so you can $ten,100. That it drastically increased the cost of state taxes when you look at the says which have large limited taxation prices and apparently highest assets taxation. A home of smaller means when you look at the a center-group society towards borders of San francisco can cost $7,100000 a-year when you look at the assets taxes. 7% and you will lso are-enforce FICA taxes toward one income significantly more than $400,000. Continue reading →