I have never understood that line of thinking at all. I've lived in both kind of states, some with state taxes some without . I never thought it was unfair. It all one big Federal Treasury. All tax cuts are good. Al deductions are good.
“State and local deductions shift greater tax burden to states with no income tax.
I have never understood that line of thinking at all. I’ve lived in both kind of states, some with state taxes some without . I never thought it was unfair. It all one big Federal Treasury. All tax cuts are good. Al deductions are good.”
I agree that all deductions are good for sure. Here in Texas as you may know, there is no income tax. Thereby, our property taxes are often higher than property taxes in states that have both property taxes and income taxes. So, when income taxes are allowed to be deducted it reduces the net net unfavorably against the state’s that don’t have an income tax. Make sense?