|
?:reviewBody
|
-
The democratic nominee for governor of New Jersey Phil Murphy claimed Tuesday that if the state and local deduction is eliminated, New Jersey is victim state number one. Murphy made the remark when asked about the GOP tax reform plan during a gubernatorial debate . Verdict: False New Jersey wouldn’t be victim state number one if Congress eliminated the federal deduction. It would, however, be one of the top states impacted. Fact Check: The state and local tax (SALT) deduction reduces the federal tax burden for largely upper-middle class and wealthy Americans who itemize their taxes. Since taxpayers can deduct state, local and property taxes from their federal returns, the deduction benefits residents in high-tax states to a greater extent. New Jersey is among the most affluent states in the country and has one of the highest state tax rates . As a result, its taxpayers would be some of the hardest hit if the SALT deduction were eliminated. In fact, 41 percent of New Jersey residents who itemize their taxes claim the SALT deduction – the third-highest proportion of any state. New Jersey residents also claim 5.9 percent of the deduction’s value nationwide; only California and New York receive a larger share (19.6 percent and 13.3 percent, respectively). New Jersey may not be victim state number one if Congress removes the SALT deduction, but it would certainly be one of the states most affected. Follow David on Twitter Have a fact check suggestion? Send ideas to [email protected] All content created by the Daily Caller News Foundation, an independent and nonpartisan newswire service, is available without charge to any legitimate news publisher that can provide a large audience. All republished articles must include our logo, our reporter’s byline and their DCNF affiliation. For any questions about our guidelines or partnering with us, please contact [email protected] .
(en)
|
![[This page as RDF]](http://data.gesis.org/claimskg/static/rdf-icon.gif){kind=icon}