Posted on 11/20/2017 4:42:05 PM PST by SkyPilot
The percentage of federal individual income tax filers claiming a deduction for state and local taxes paid in 2015, ranked by state:
1. Maryland: 45.7 percent
2. Connecticut: 41.3 percent
3. New Jersey: 41.2 percent
4. Virginia: 37.3 percent
5. Massachusetts: 36.9 percent
6. Oregon: 36.0 percent
7. Utah: 35.3 percent
8. Minnesota: 34.7 percent
9. New York: 34.5 percent
10. California: 34.4 percent
11. Georgia: 32.8 percent
12. Rhode Island: 32.8 percent
13. Colorado: 32.5 percent
14. Delaware: 31.6 percent
15. Illinois: 31.3 percent
16. Wisconsin: 31.0 percent
17. New Hampshire: 30.9 percent
18. Washington: 29.9 percent
19. Iowa: 29.5 percent
20. Hawaii: 29.1 percent
21. North Carolina: 29.0 percent
22. Pennsylvania: 28.6 percent
23. Arizona: 28.4 percent
24. Montana: 28.2 percent
25. Idaho: 28.0 percent
26. Maine: 27.6 percent
27. Nebraska: 27.6 percent
28. South Carolina: 27.3 percent
29. Vermont: 27.3 percent
30. Michigan: 26.5 percent
31. Missouri: 26.1 percent
32. Ohio: 26.1 percent
33. Kentucky: 26.0 percent
34. Alabama: 25.8 percent
35. Kansas: 25.5 percent
36. Nevada: 24.6 percent
37. Oklahoma: 24.0 percent
38. Mississippi: 23.3 percent
39. Louisiana: 23.0 percent
40. Texas: 22.8 percent
41. Indiana: 22.8 percent
42. Florida: 22.5 percent
43. New Mexico: 22.5 percent
44. Arkansas: 22.3 percent
45. Wyoming: 21.6 percent
46. Alaska: 21.4 percent
47. Tennessee: 19.3 percent
48. North Dakota: 18.5 percent
49. West Virginia: 17.0 percent
50. South Dakota: 16.9 percent
District of Columbia: 39.8 percent
_________________________________________________________________
(Excerpt) Read more at abcnews.go.com ...
The SALT (hmm remember a different SALT in the day), will get figured out, as they will have to solve that in Committee.
Then, the overall package will consist of large tax cuts for middle America, equalizing corporate tax cuts (yes the US corporate rates are some of the highest in the world) and a small but meaningful reform of the system, which will hopefully in time lead to much larger reform.
By the way, the angst against corporate tax cuts is very disappointing to see on a conservative website like this for 2 big reasons.
1. The Reagan/Kemp wealth creation and growth conservatism seems all but dead.
2. Liberal media and DNC envy and class propaganda seems to have bled into conservative thought.
I believe there are at 3-8 states with no income tax. Those with constitutional amendments or (in the constitutions) prohibiting sales tax are doing financially ok.
Trump had 35% as the top rate. I would recommend 25% as the top rate, for income above the FICA cap, with 12% for anything below that.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.