Discussion in 'Political Discussion' started by NEPatriot, Jan 12, 2010.
Stephen Moore: The New Year Brings Tax Chaos - WSJ.com
The Democratic-controlled congress was way way too busy to address these middle-class tax breaks - you know - so they can create all the soon-to-be healthcare taxes.
I don't doubt the Wall Street Journal but I question the veracity of this. There would have been an outcry in high state income tax states like NY and NJ if this were true.
In fact when I went to the IRS website to look for changes for 2010, it lists state and local income taxes as being deductible.
It does say that a taxpayer must choose between deducting state income taxes or state sales taxes paid which is very different than what it said in the article and was quoted above..
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