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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]We are going to get killed on loosing the state and local tax deduction. Virginia’s rate is 5.75% (not even that high) which is $11,500 for a family making 200,000. $17,250 if you make $300k. And that is before mortgage interest, which is another $8-12k for most people. Guess we’ll be taking the standard. Ugh.[/quote]

Why should the federal tax structure subsidize states that have ludicrously exorbitant state tax rates whether state income tax or property taxes?

If your argument is that these taxes are needed to pay for services that the state provides then you should be willing to pay for it without the federal government chipping in by providing a deduction against federal taxes.[/quote]
DP... I would be happy to have a flat 10% federal tax rate across the board, then let states tax the rest.  Federal government should not give ANY states ANY  money. Let the states take care of its own, just like Rs want - states' rights and all that.  We'll see how low tax red states fare.  If KS is any indication, they won't do very well.

http://www.foxbusiness.com/markets/2017/06/18/kansas-tax-hike-hailed-as-fix-doesnt-quite-balance-budget.html

http://www.businessinsider.com/kansas-budget-disaster-tax-reform-repeal-gop-similar-to-trumps-2017-6

[quote]The economic growth from the tax cuts never materialized. Kansas was saddled with an almost instantaneous budget hole, leaving schools and pensions drastically underfunded. Infrastructure repairs were put on hold. And to deal with a $700 million drop in revenue — almost twice what was predicted — Kansas raised its sales tax, hurting all residents, but especially lower income Kansans.[/quote][/quote]

So many haters on here. Sad![/quote]

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