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From: miller@nlm-mcs.UUCP
Newsgroups: net.taxes,net.invest
Subject: Re: Re: IRS has budget of $160 Million???
Message-ID: <2088@nlm-mcs.ARPA>
Date: Wed, 16-Jul-86 15:03:54 EDT
Article-I.D.: nlm-mcs.2088
Posted: Wed Jul 16 15:03:54 1986
Date-Received: Wed, 16-Jul-86 23:07:03 EDT
References: <2eacf085.2a75@apollo.uucp>, <886@kontron.UUCP> <1360@pyuxa.UUCP>
Organization: NLM/LHNCBC, Bethesda, Md.
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Xref: utcs net.taxes:1164 net.invest:1577

> 
> While explaining the various benefits of simplifying the tax code,
> Clayton Cramer says:
> 
> > same rate) takes away reason to take questionable deductions so that 
> > you can get below a particular tax rate.  (I know: I spent an hour once
> > adding up the state utility tax on my electricity bills to get seven
> > dollars more deduction to drop below a taxable income level to save
> > more than $7 in taxes.)
> 
> a non-allowed deduction.  I believe that the taxes on your utility
> bills (electric, phone, etc.) are considered excise taxes, and not
> sales taxes; excise taxes are not deductible.  I hope the IRA will
> overlook the $7, but it looks like your hour was spent in vain :-).
> 
My understanding is that all state taxes, whether sales, excise, or
automobile title, may be deducted.
-- 

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Nancy Miller		<> <>
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miller@nlm-mcs.arpa	 `-'