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The State and Local Tax Deduction Could Be Turned On Its Head

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

Itemized deductions in the federal tax code allow filers to deduct taxes paid to state and local governments. A common objection to the deduction is that it benefits high-tax states at the expense of low-tax states. A state can rais...

Who benefits most from state and local tax deduction?

US Politics / Liberal : SFGate: Politics

Who benefits most from state and local tax deduction? Republicans are trying to eliminate the federal deduction for state and local taxes as part of a package to overhaul America's tax system. Almost 44 million people claimed the de...

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...

Reagan’s Argument for Eliminating the State and Local Tax Deduction

US Politics / Conservative : NRO: The Corner

From the midweek edition of the Morning Jolt: Reagan’s Argument for Eliminating the State and Local Tax Deduction You’ll recall that I’m wary about the GOP proposal to eliminate the federal tax deduction for state and local taxes. I...

QUESTION ASKED AND ANSWERED: Shot: Why do Californians pay more state and local taxes than Texans…

US Politics / Conservative : Instapundit

QUESTION ASKED AND ANSWERED: Shot: Why do Californians pay more state and local taxes than Texans? —The San Jose Mercury, this past Sunday. Chaser: A pair of California lawmakers want to claw back some of steep tax cuts that corpora...

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