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The deductibility of state and local taxes.

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U.S. Government Documents
Format:
Book
Government document
Author/Creator:
Piccinini, Kristy.
Contributor:
United States. Congressional Budget Office
Series:
CBO papers
A CBO paper
Language:
English
Subjects (All):
Intergovernmental tax relations--United States.
Fiscal policy.
Income tax deductions.
Local finance.
Intergovernmental tax relations.
United States.
Physical Description:
1 online resource (xi, 40 pages)
Place of Publication:
[Washington, D.C.] : Congress of the U.S., Congressional Budget Office, [2008]
Summary:
This paper provides careful estimates of the impact of removing the deductibility of state and local taxes by state andby income class. We show how deductibility affects marginal and average tax rates for both state and federal tax systems. One striking result is that combined federal income tax and state tax burdens would generally fall under the President's tax reform proposal, even for high income people in high tax states.
Notes:
Title from title screen (viewed on February 20, 2008).
"February 2008."
"Kristy Piccinini of CBO's Tax Analysis Division wrote the paper"--Preface
Includes bibliographical references.
OCLC:
212205962

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