- Sep 19, 2011
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Seven U.S. states currently don't have an income tax: Alaska, Florida, Nevada, South Dakota, Texas, Washington and Wyoming. And residents of New Hampshire and Tennessee are also spared from handing over an extra chunk of their paycheck on April 15, though they do pay tax on dividends and income from investments.
www.bankrate.com/finance/taxes/state-with-no-income-tax-better-or-worse-1.aspx
Thank you President Trump! It's about time those of us in the above states can stop subsidizing the other states that have state income tax!
What a move towards equality!
Instead of those of us that don't have the luxury of deducting state income tax payments, President Trump's plan makes it a level playing field for the first time!!
President Donald Trump's tax reform plan unveiled today would eliminate the state and local tax deduction, taking away from New Yorkers their single most popular federal tax deduction.
The loss of the deduction will cost New Yorkers an average of $4,500 per year for those who file itemized returns, totaling about $68 billion per year that state residents will no longer be allowed to deduct from their federal tax returns.
Trump tax plan eliminates most popular deduction taken by New Yorkers
www.bankrate.com/finance/taxes/state-with-no-income-tax-better-or-worse-1.aspx
Thank you President Trump! It's about time those of us in the above states can stop subsidizing the other states that have state income tax!
What a move towards equality!
Instead of those of us that don't have the luxury of deducting state income tax payments, President Trump's plan makes it a level playing field for the first time!!
President Donald Trump's tax reform plan unveiled today would eliminate the state and local tax deduction, taking away from New Yorkers their single most popular federal tax deduction.
The loss of the deduction will cost New Yorkers an average of $4,500 per year for those who file itemized returns, totaling about $68 billion per year that state residents will no longer be allowed to deduct from their federal tax returns.
Trump tax plan eliminates most popular deduction taken by New Yorkers