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To: CottonBall
$10k is still deductible.

That is useless to most filers, because they won't be able to itemize. Even the Steve Mnuchin said they expect 94% of filers to not itemize because of the changes to the tax law.

You’ve been whining

No, you are whining. I stated my opinion very succinctly and without emotion. You however.......

Federal and state income taxes should never have been mingled

What is this "mingled" you keep referring to?

People have to pay local, state, Federal, and other taxes, and have done so for decades, and decades, and decades in this country. The 1913 law disallowed double taxation on taxing people at the Federal level on money they are already taxed upon by states. The Federal government itself at the time declared it would be "immoral" to not do so. And here we are....today.

And yes, this law affects millions of people who will now be paying higher taxes, and the number will increase even more in the out years.

Why don't you just admit that?

40 posted on 01/07/2018 10:01:24 AM PST by SkyPilot ("I am the way and the truth and the life. No one comes to the Father except through me." John 14:6)
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To: SkyPilot

Wow, what a lot of drama to respond to.

No, YOU are whining on thread after thread, posting the same thing over and over.

I, on the other hand, accept reality gracefully. And can look at the big picture, not just how it affects me personally. Admit it - if this didn’t affect you, would couldn’t care less about those ‘millions and millions’.

It’s not double-taxation. It’s like with property taxes - there is a percentage for schools, a percentage for fire, etc. After the percentage for schools is calculated, the base amount or principle, isn’t reduced to calculate the fire tax. The state income tax is in addition to the fed tax.


44 posted on 01/07/2018 10:52:21 AM PST by CottonBall (Thank you, Julian!)
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