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I guess I don't see why high tax states should be able to keep the tax money for themselves that would otherwise be destined for the federal government. By taki
by niij 8y ago
I guess I don't see why high tax states should be able to keep the tax money for themselves that would otherwise be destined for the federal government. By taking a federal deduction for SALT, it hardly seems to make sense why states would have an incentive to keep taxes low when the federal government would have originally been the one taxing the hit, not the taxpayer.
- jandrese 8y agoDepends if the state thinks it can manage the money better than the feds.
- niij 8y agoGood point! I'd be happy seeing the federal _income_ tax drastically reduced or eliminated and states could opt to increase their income taxes if needed. It would encourage more efficient use of the tax money, IMO and shift responsibility to individual states to use the money efficiently.