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GOOD QUESTION: Now that state income taxes aren’t going to be deductible, will states switch to p…

GOOD QUESTION: Now that state income taxes aren’t going to be deductible, will states switch to payroll taxes?
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Rep. Frelinghuysen, our lone Republican votes to end federal deductions on NJ State and local taxes

US Politics / Liberal : Blue Jersey

On your Federal income tax return for many years you have been able to deduct state and local taxes for Income Tax (or General Sales Tax) and Real Estate Taxes. In our high tax state this can easily exceed $10,000...Read more

The State and Local Tax Deduction: A Primer

Business & Finance / Taxes : Tax Foundation's Tax Policy Blog

Taxpayers who itemize deductions on their federal income tax are permitted to deduct certain taxes paid to state and local governments from their gross income for federal income tax liability purposes. The State and Local Tax Deduct...

"The possible marginal tax rate of more than 100% results from the combination of tax policies designed to provide benefits to businesses and families but then deny them to the richest people."

US Politics / Conservative : Althouse

"As income climbs and those breaks phase out, each dollar of income faces regular tax rates and a hidden marginal rate on top of that, in the form of vanishing tax breaks. That structure, if maintained in a final law, would create s...

Monday Map: State Income and Sales Tax Deductions

Business & Finance / Taxes : Tax Foundation's Tax Policy Blog

Today's Monday Map shows which states benefit from the federal income tax deduction for state taxes. Taxpayers can elect to deduct either state income or sales taxes, but not both; in most states, the income tax deduction is worth m...

Volokh: With State Income Taxes No Longer Deductible, Will States Switch To Payroll Taxes?

Business & Finance / Taxes : TaxProf Blog

Eugene Volokh (UCLA), Now That State Income Taxes Aren’t Going to be Deductible, Will States Switch to Payroll Taxes?: [S]ay California replaces the state income tax (at least for employment income) with a state payroll tax that’s p...

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