While the Republican tax overhaul would add up to an overall tax cut for individual taxpayers, at least through 2025, millions could still immediately receive a tax increase. Income vs. Property TaxesThe initial version of the Senate bill repealed all of the SALT deductions — for income, property and other taxes. But the income tax deduction would be repealed in its entirety. Average Income Tax Deduction for High-Income Taxpayers Margin of support in 2016 presidential election ◄ MORE REPUBLICAN MORE DEMOCRATIC ► Florida taxpayers that take the deduction pay taxes on income earned elsewhere. The property tax deduction is claimed by many more people in places that voted for President Trump, like in Texas and Florida.

Source: New York Times December 05, 2017 09:56 UTC