Subject: | Re: Deficit Spending is a GOP Standard!
| Date: | Fri, 18 Jul 2003 16:14:22 -0400
| From: | Gogarty <Gogarty@Dublin.edu>
| Newsgroups: | la.general,alt.california,alt.politics,alt.politics.bush
|
In article <ktXRa.344$mo4.222@fe01.atl2.webusenet.com>, brooks@swbtnet.com
says...
>
>
>
>"Gogarty" <Gogarty@Dublin.edu> wrote in message
>news:s_6dnVxyXLCBo4WiXTWJig@bway.net...
>> In article <pBVRa.51$mo4.28@fe01.atl2.webusenet.com>, brooks@swbtnet.com
I am sure you recall the days when state and
>> local sales taxes were deductible from your Fedral income tax
>Still are.
Nope. "WASHINGTON -Taxpayers in certain states such as Florida have been at a
disadvantage for many years as they fail to benefit from the federal tax code,
which gives deductions on state income taxes paid *while not allowing those
deductions on state sales taxes.*"
Just one of many such statements available by Googling. But it does raise an
interesting point I had not really thought about. When the sales tax exemption
was lifted many years ago, sales taxes were usually a small percentage number,
like 1% or 2%. Don't know about other places, but in New York City the rate
just went up -- again -- to 8.625%. That's not peanuts.
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