SALT Cap Improperly Targets High-Tax States, 2nd Circ. Hears

By Dylan Moroses (December 3, 2020, 1:45 PM EST) -- The $10,000 cap on the federal deduction for state and local taxes unconstitutionally targets states that impose higher levies on residents and harms property values in those areas, the state of New York told the Second Circuit on Thursday....

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