Mobile Menu - OpenMobile Menu - Closed

Connect

Congressman John Larson

Representing the 1st District of Connecticut

Larson: Tax Reform 2.0 Is A Doubling Down on Double Taxation

September 10, 2018
Press Release

Washington, DC – Today, Congressman John B. Larson (CT-01) Ranking Member on the Ways and Means Social Security Subcommittee released the following statement on the Republican agenda to make the State and Local Tax (SALT) deduction cap of $10,000 permanent Thursday in the Ways and Means Committee.

“Once again, the Republicans are set to release their second politicized tax bill that will further the harm done to Connecticut residents. Connecticut is a donor state, our citizens pay more than their fair share into the federal coffers and middle-class families in West Hartford and Manchester will now be paying even more! They are now seeking to make the limitations to the State and Local Tax Deduction permanent so states like Connecticut, New York and New Jersey are left bearing the burden and further subsidizing red states. I have heard from people all across my district who are worried that these taxes will bury them. On average, Connecticut residents were deducting more than $19,500 a year in state and local taxes. that and saving. Now almost of half of that will be double-taxed! The Republican tax plan is now doubling down on double taxation and on their attack of Connecticut residents,” said Larson.

********

Newly released data from the IRS shows that in 2016, Connecticut residents in all eight counties benefitted from an average SALT deduction above the current GOP cap of $10,000. The average SALT deduction for Connecticut residents was $19,563. If the cap had been in place in 2016 – the average Connecticut resident would have been double-taxed on the $9,563 they paid over the $10,000 cap.

           

County

# of Returns

Returns Claiming SALT

SALT Amount (in thousands)

SALT Takeup Rate

Avg SALT Deduction

Fairfield County

459,130

209,600

6,829,436

0.457

$    32,583

Hartford County

445,100

179,820

2,649,378

0.404

$    14,734

Litchfield County

94,220

39,850

579,059

0.423

$    14,531

Middlesex County

84,000

39,460

586,314

0.470

$    14,858

New Haven County

413,190

159,650

2,324,154

0.386

$    14,558

New London County

134,930

50,440

654,668

0.374

$    12,979

Tolland County

68,780

31,610

440,972

0.460

$    13,950

Windham County

54,780

18,000

186,213

0.329

$    10,345

CONNECTICUT

1,754,130

728,420

14,250,194

0.415

$    19,563

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Source: IRS.gov

 

###

 

Issues: