Tax Collectors Become Tax Evaders

The taxman cometh. He cometh for other taxmen even. And it turns out tax-happy states like Uncle Sam extracting his take about as much as the rest of us do. Congress imposed a $10,000 limitation in December on state and local tax (SALT) deductions by filers as part of the reform overhaul of the tax code. Under the old tax regime, federal taxpayers essentially subsidized states that imposed high rates of taxation. CNBC reports that the average SALT deduction amounted to $22,000 in New York in 2015. In California and New Jersey, the figure came in closer to $18,000. Rather