photo NJ billionaire Jon Corzine
the staff of the Ridgewood blog
Washington DC, Congress’s own Joint Committee on Taxation, the official scorekeeper on tax policy changes finds that two out of every three taxpayers with incomes over $1 million and nearly nine of 10 with incomes between $500K – $1 million get a net tax CUT from the Build Back Broker bill. This is because Congress vastly expands the state and local tax deduction – a huge tax break for the top 1% in blue states.