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Except 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 h
by brewdad 8y ago
Except 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?