[ijcr]

Floridians and Texans stand to gain $1,000'S

[So Cal Rocket]

Not constitutional to make sales tax deductable in some states and not in others - per the Equal Protection clause.

[ClintonBeGone]

This is hugh

Hugh? I hope it's hugh enough to include those states that DO have an income tax. How will you be able to take the deduction? Will you have to save every single receipt?

[Wneighbor]

YIPPEE!!!!!

[EagleUSA]

By all rights, it should be made permanent. Choke on it Kerry!!

[Iris7]

"hugh" and "series", eh?

[theDentist]

Are you series?

[tellw]

Yikes, that's going to be a nightmare to calculate every year. Think of all the dinky little receipts from Walgreen's and such you have to save.

[adaven]

A big Nevada YESSSSSS!

[Wneighbor]

Ping

[rob3006]

Ping

[mc5cents]

Floridians and Texans stand to gain $1,000'S

To spend on plywood?

[TexasCajun]

GREAT!

[TheEnigma47]

Something you must also consider. Since the state income tax paid is DEDUCTABLE from your Fed Income tax, then your Fed Tax liability is LOWER than the Fed Tax liability for someone with the SAME GROSS income in a state with NO state income tax.

The following is for REFERENCE ONLY and I have NOT checked the EXACT taxes etc.

IF you earn $100,000 in Tx and have NO OTHER deductions, then you pay Fed Taxes on $100,000. In Montana, with the SAME Gross $100,000, you pay Fed Income Tax on $89,000.

Therefore, in states with NO STATE INCOME TAX, you SUBSIDIZE the Fed Income Tax of People who live in a state WITH a State Income Tax. Because every dollar not paid by one person MUST be made up by another.

[Politicalities]

Sales Tax Equity Act of 2003

[meyer]

This is good for Tennessee as well - no income tax, only sales tax (which the leftists whine about anyways).

[Rockitz]

We have the worst of both worlds here in California- high state income taxes and high sales taxes- every little bit helps though.

[Pastnowfuturealpha]

Another example of why the people need to clean House and Senate -

If you remember - once upon a time people could deduct sales tax, interest on other loans - but then along came the Socialist Democrats and the corrupt Rep. - and if I remember - it was under Kennedy most of this happened - including taxing of the saving account -

[OrangeDaisy]

Floridians and Texans stand to gain $1,000'S

Don't forget about Tennesseans. I think the average is supposed to be $300-400 in tax savings per year in the Volunteer State, but hey, I'll take it. The tax and spend libs have been whining for an income tax for years, and one reason they always give is that local income taxes are deductible on your federal income taxes. But when Washington started talking about bringing back this deduction, they could see that their chance fading away to convince anyone that an income tax is better, so they started whining about how few people itemize on their federal income tax, and therefore the sales tax deduction is a tax break for the rich.

[NewJerseyJoe]

Smells fishy to me. In order to qualify for this deduction, one would have to keep meticulous records of state sales tax that he's paid, right? And what do most of the states say constantly? -- "we're not getting paid all the sales tax we're supposed to be getting in revenue."

Rather than a "break" for the consumer, I suspect this was engineered by states to increase their revenue stream.

[kellynla]

Quit screwing around and repeal the Federal Income tax