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"More money in voters’ wallets from tax cuts in Washington could reduce the sting in asking people to pay more at home, or it could just reinforce the idea that
by ojbyrne 9y ago
"More money in voters’ wallets from tax cuts in Washington could reduce the sting in asking people to pay more at home, or it could just reinforce the idea that all taxes are meant to go down."
The latest tax plan that was floated means very few people in states like Oregon (with high state taxes) are going to see any reduction, because they're going to make those state taxes non-deductible. Not sure how that plays into this argument.
- scarface74 9y agoState taxes already aren't tax deductible for the middle class. The standard deduction for a married couple is $12000. If you have a mortgage on average price house* ($185,000), you're not clearing enough in mortgage interest and state taxes to make itemizing worthwhile. I know there are other deductions, but I still doubt that the average middle income household ($60,000/year) is clearing over $12,000 in deductions. http://www.deptofnumbers.com/income/us/ http://www.deptofnumbers.com/income/us/ http://m.huffpost.com/us/entry/4957604 http://m.huffpost.com/us/entry/4957604