Gerhard Randers-Pehrson, an 81-year-old resident of Ossining, N.Y., believes the $10,000 cap ought to go up — however not an excessive amount of. Whereas Mr. Randers-Pehrson, a retired analysis scientist, stated he paid $16,000 in state and native taxes final 12 months, he doesn’t anticipate to personally profit from the next cap. He would take the usual deduction as an alternative of itemizing. However the subject nonetheless bothers him.
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