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To: Explorer89

Huh?


14 posted on 04/18/2012 8:04:35 AM PDT by Beagle8U (Free Republic -- One stop shopping ....... It's the Conservative Super WalMart for news .)
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To: Beagle8U

Sorry, I was babbling. When you deduct your taxes from your income, (which happens when you itemize), you are eliminating paying taxes on money that you have already used to pay taxes. In effect, that deduction removes taxes on taxes. The term “deduction” seems to imply some sort of privilege.....like not paying taxes on the money you used for mortgage income, or, even the money you choose to donate to charity, or your home office, etc. Removing your state and property taxes is not really a perk. Does that make sense? Removing those deductions should never be on the table. I live in Mayland, where the income tax is already stratospheric, and set to go higher. Having to pay taxes on that amount is just adding insult to injury.


31 posted on 04/18/2012 8:45:06 AM PDT by Explorer89 (And now, let the wild rumpus start!!)
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