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From: tw8023@pyuxii.UUCP (T Wheeler)
Newsgroups: net.misc,net.politics
Subject: Re: State Tax Dedudction
Message-ID: <139@pyuxii.UUCP>
Date: Fri, 31-May-85 08:09:34 EDT
Article-I.D.: pyuxii.139
Posted: Fri May 31 08:09:34 1985
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Xref: linus net.misc:6566 net.politics:8598

Consider this, everyone who might think the new ideas about
state and local taxes will be double taxation.  State and
local taxes in many states ARE now double taxation.  When
you do your state and local taxes (at least in NJ) you
cannot deduct your Federal taxes.  This is the reverse of
the coin Reagan is proposing flip.   For those folks who
live in those high tax states (and I do ), perhaps a move
to reform the state and local taxes should also be pushed.
I rather like the new proposals even though I will more than
likely have to cough up more every April.  I feel that
even if I do for a few years, I will probably end up paying less
in the long run as my income changes and circumstances
change.  I`m all for a change that will force a company
like Prudential to pay more than $4.00 and some odd
cents (1984 tax bite) on over a billion in gross revenue.
T. C. Wheeler