“ This matter is over my head but with our huge debt and interest payments on the debt, I wonder where the money to pay the debt off will come from if not from taxes.”
************************************************************
Actually I think the current State and Local tax deduction (capped at $10,000) in the tax code SHOULD BE ELIMINATED and used to offset the elimination of federal income taxation on tip income that Trump is proposing.
We shouldn’t plan on spending sprees like the DemocRATS.
“Actually I think the current State and Local tax deduction ... SHOULD BE ELIMINATED”
Sounds like a good idea but proposing a tax raise doesn’t go over well when campaigning.