No more state/city income tax deductions, it's about TIME!!!

healthmyths

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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
 
blue states subsidize red states always have always will, your celebrating trump raising taxes on the middle class

federal-foundation-taxes-204991-o.jpg
 
blue states subsidize red states always have always will, your celebrating trump raising taxes on the middle class

federal-foundation-taxes-204991-o.jpg

AND that IS FAIR! Because those blue states are where the state/city income tax is deducted from the individual's FEDERAL INCOME TAX!
WE states with NO state income tax to DEDUCT are in turn subsidizing those states that let individuals DEDUCT their state/city income tax.
So I am very happy with the plan to NOT treat those of us that CAN"T deduct state/city income taxes from OUR tax bill!
It is only FAIR!!!
 
blue states subsidize red states always have always will, your celebrating trump raising taxes on the middle class

federal-foundation-taxes-204991-o.jpg

AND that IS FAIR! Because those blue states are where the state/city income tax is deducted from the individual's FEDERAL INCOME TAX!
WE states with NO state income tax to DEDUCT are in turn subsidizing those states that let individuals DEDUCT their state/city income tax.
So I am very happy with the plan to NOT treat those of us that CAN"T deduct state/city income taxes from OUR tax bill!
It is only FAIR!!!

Lol wait, why is it you think it's fair to tax the income that person never got?
 

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