I don’t vouch for the numbers here but this is fun:
In 2016, the IRS reports, New York had 48,570 agillionaires (that’s someone with a million in annual income). Their average deduction for state and local taxes was $472,000. They were making mighty contributions to New York’s lavish government, that is, but not fully feeling the pain because they could deduct those contributions on their federal returns. Agillionaires in Texas, in contrast, averaged only $52,000 in state and local taxes.
With a $10,000 cap on the deduction, Trump made the difference between New York and Texas a lot more perceptible.
Still not entirely sure how deductions work but that’s still going to cause some pain, isn’t it?