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> this is such an odd statement. federal and state governments have no entitlement to any type or class of tax, so stealing is an inappropriate description. the
by darawk 8y ago
> this is such an odd statement. federal and state governments have no entitlement to any type or class of tax, so stealing is an inappropriate description. the federal government can collect taxes in any way congress decides (with implicit citizen support).
Don't get lost in semantics. The point is that deductible state income tax incentivizes states to prefer income taxes to other forms of taxation. There is no explicit reason to encourage this, therefore it should not be encouraged.
- clairity 8y agoagreed. it's frustrating that deductions are wielded as political tools rather than to promote a just and fair society.
- smileysteve 8y ago> deductible state income tax incentivizes states to prefer income taxes to other forms of taxation This deduction also applies to sales taxes, some people do the math... Technology and apps make it easier to do the math. This deduction also applies to property taxes...
- brewdad 8y agoExcept taxpayers can deduct the greater of sales tax or income tax. Property taxes (paid by homeowners) are deductible in the same way as income tax. States have no incentive to prefer one type over the other. Texas, with no state income tax, is also paying dearly for this new federal tax policy.
- mixmastamyk 8y agoHow does Texas get hurt more?
- dv_dt 8y agoThere is a reason to encourage this, it encourages taxes and their results to be levied and spent closer to the same place. Across states, it allows for experimentation in our government with different programs and balances.