SALT

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See also: salt, Salt, and sålt

English

Proper noun

SALT

  1. (politics) Acronym of Strategic Arms Limitation Talks.

Noun

SALT pl (plural only)

  1. (US, politics, usually attributive) Acronym of state and local tax(es) , a tax deduction whereby some portion of the money paid as taxes to state and local governments is not taxed at the federal level; the tax-deductible portion is nominally capped, but the cap is circumventable via special-interest loopholes.
    • 2024 August 9, Andrew Lautz, “How SALT May Shake Up the 2025 Tax Debate”, in Bipartisan Policy Center‎:
      Both the SALT limitations and the doubled standard deduction expire after 2025, putting SALT on the 2025 menu for lawmakers.
    • 2025 May, “The One, Big, Beautiful Bill”, in United States House Committee on Ways & Means‎, page 37:
      In general, income taxes paid or accrued in carrying on a trade or business or an income-producing activity are subject to the SALT cap. The SALT cap is set to expire for taxable years beginning after December 31, 2025.

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