Playing devils advocate — maybe the state taxes are too high? And this exclusion from the Feds has allowed them to get by for too long?
Then again, being taxed twice on the same money doesn’t seem fair. First by the feds and then second by the state.
being taxed twice on the same money doesn’t seem fair.....In PA You get taxed at least THREE times on some purchases. For instance, a bottle of wine or liquor is taxed for the Johnstown flood rebuilding in the 1800’s 0r early 1900’s. That is added to the price of the original purchase so you pay 6% state tax on the liquor PLUS the JT tax.
Only 30% of tax payers itemized deductions. So 70% are taxes twice on the same money. Only the wealthier citizens who live in high tax states benefit from this deduction in the first place.
Oh, and tax preparation businesses.
They benefit as well.
Maybe you when the people in these hi tax states see what their real tsx bill is they’ll revolt.