Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: savedbygrace
Years ago, when we used to have this deduction, a bunch of tables were printed in the 1040 booklet, based on income level. Back then, if you saved all your receipts, and that figure was higher than the figure in the table, you could deduct actual tax paid, rather than the table tax.

Were you always entitles to at least the table tax - even if your sales tax paid was actually lower? That is, would someone who saved alot of their income benefit by using the table instead of itemizing the sales taxes paid?

74 posted on 10/11/2004 1:14:04 PM PDT by BearCub
[ Post Reply | Private Reply | To 72 | View Replies ]


To: BearCub
"Were you always entitles to at least the table tax - even if your sales tax paid was actually lower?"

Yes!

89 posted on 10/11/2004 1:35:49 PM PDT by Spunky ("Everyone has a freedom of choice, but not of consequences.")
[ Post Reply | Private Reply | To 74 | View Replies ]

To: BearCub
My memory is hazy, it's been a long time since we did this. I think it was only for those who itemized. But you chose the greater of the two amounts, either the table or the actual.

Same thing with the gasoline tax.

But I repeat: My memory is hazy on the whole thing. Maybe it was for everybody, itemize or not. Anyone recall for sure????

97 posted on 10/11/2004 1:50:26 PM PDT by savedbygrace
[ Post Reply | Private Reply | To 74 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson