Article on The Future of Salt: A Broader Picture

David Gamage & Darien Shanske recently published an Article entitled, The Future of Salt: A Broader Picture, Tax Law: Tax Law & Policy eJournal (2018). Provided below is an abstract of the Article.

In this essay, we evaluate the new cap on the state and local tax (SALT) deduction. We argue that the structure of the new cap is not consistent with any theory as to what the SALT deduction is or should be. In canvassing these theories, we further evaluate how future reforms to the SALT deduction might proceed.