Chuck Schumer Wrote Off $58,000 Last Year Using Tax Deduction He’s Trying To Save

Share:

Senate Minority Leader Chuck Schumer is likely to personally save tens of thousands of dollars if he is able to defeat Republican efforts to eliminate state and local tax deductions.

Schumer wrote off $58,000 in state and local taxes last year, according to his publicly available federal tax returns. The amount Schumer wrote off is roughly equivalent to the median household income of $59,039 in 2016.

A report from the Tax Policy Center found that eliminating the deduction would save the federal government $1.3 trillion over 10 years, and would hit wealthy taxpayers the hardest. – READ MORE

[contentcards url=”http://dailycaller.com/2017/10/18/chuck-schumer-wrote-off-58000-last-year-using-tax-deduction-hes-trying-to-save/” target=”_blank”]
Share:
No Comments Yet

Leave a Reply

2021 © True Pundit. All rights reserved.