ACC 695 ACC695 WEEK 4 DISCUSSION 2 (ASHFORD)
Ashford ACC 695 Week 4 Discussion 2 Deduction for State and Local Taxes
Deduction for State and Local Taxes. 1st Post Due by Day 3. Federal, state and local income taxes have been deductible since the inception of the federal income tax in 1913. Proponents of the elimination of the state and local income tax deduction argue that the portion of an individual’s income claimed by a state or local government is not really part of the individual’s disposable income and that taxing it is double taxation. Read the article, “Why Congress Should Axe the State and Local Income Tax Deduction” and discuss why the State and Local Income tax deduction is one of the most politically challenging tax reforms. Do you agree or disagree with the elimination of the state and local income tax deduction? Why or why not?
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