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Can I add a wrinkle into this discussion? In all the discussions about the new SALT limitations to $10k, everyone keeps talking about the property taxes, but what I've not seem much discussion on, if I'm reading it correctly, is that I believe the limitation applies to all state and local taxes doesn't it? So it would apply to your state income taxes, and your deduction on your federal return for the state income taxes paid. For higher income taxpayers, that could be much more than the $10k limit, making the discussion of your property taxes meaningless. Am I reading that correctly? Thanks in advance.

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