To: Shout Bits
If I were looking for a baby step in tax code reform, I would start with eliminating the deduct-ability of State and Local Tax.
No reason to get a federal subsidy for living in a high tax blue state/city.
This would also put more pressure on the high tax governments.
To: lack-of-trust
If I were looking for a baby step in tax code reform, I would start with eliminating the deduct-ability of State and Local Tax.
No reason to get a federal subsidy for living in a high tax blue state/city.
This would also put more pressure on the high tax governments.
I like your way of thinking, except that I would simulataneously raise the standard deduction so that we don't wind up with a net tax increase. Oh, and lets also raise the $600 threshold for reporting income. That is so 1970's. Make it more like $3K. Cuts out lots of paperwork.
39 posted on
06/18/2012 10:36:02 AM PDT by
Dr. Sivana
("You forget, it isn't who you claim, but instead, who claims you. We don't claim you!")
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