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Getbig Main Boards => Politics and Political Issues Board => Topic started by: tonymctones on June 06, 2017, 04:11:31 PM
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This was part of the outline for tax reform released by the Trump admin. I had never really thought about it but is it fair?
I mean basically you get to deduct the money you pay for local/state taxes from your federal tax liability. This means that those who live in states that do not have local/state taxes pay a larger % of their income toward the federal govt.
I dont know how likely it is that they will get any tax reform passed let alone doing away with this deduction but i would hope this is included.