Entire eliminating tax deductions for SALT?
Eliminating federal income taxes deductions proportional to state and local taxes,(i.e. SALT) was inserted within proposed tax bill, for the purpose of reducing the decade's net federal budget 's deficits if the tax bill is enacted. Congress has...
A populist tax proposal.
Refer to
federal revenue sources pie graph - Google Search
Sources of federal government’s revenues, 3-year average 2009 – 2011.
44.21% Individual income taxes.
39% Social Security taxes, (employees and employers each pay 7.65% of payroll based taxes).
8% Corporate...