[Myrddin]

Just more of the Federal version of ‘Three Card Monty’. What they ‘Give’ you back on one hand they take away in increased fees, hidden/indirect taxes and degraded Money with the other.

It's worse than that. The increased local and state taxes aren't going to be deductible under Obama's new budget. You'll have to pay the federal marginal rate on the taxes that you pay to your state and local government...as if it was never taxed away in the first place.

[TCats]

IOW, they are eliminating the disparity between FICA and State/Local Taxes by making them both nondeductible. Just one of many examples of making things ‘More fair’. /sarc

[Kid Shelleen]

>>The increased local and state taxes aren't going to be deductible under Obama's new budget<<<

Can you provide references? I have a bet with a lib who thinks his taxes are going down the next few years. You are going to help me win a steak dinner !