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"The plan would also eliminate the deduction for state and local taxes, a step that could hurt taxpayers in places with high state taxes such as California and
by sgustard 9y ago
"The plan would also eliminate the deduction for state and local taxes, a step that could hurt taxpayers in places with high state taxes such as California and New York."
Relevant to the tech industry for that reason; salaried workers in those states would be the ones funding tax cuts for everyone else.
- danielvf 9y agoAMT is also planned on going away though, which would more than make up for this.
- trendia 9y agoYou've got it backwards -- the current system allows individuals in high tax states to pay less to the Federal Government than everyone else. The current system is the unfair one -- people in Wyoming are subsidizing people in California.