Charles Lane / Kill the deduction for state, local taxes - Press of Atlantic City: Commentary

Charles Lane / Kill the deduction for state, local taxes

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Posted: Friday, November 23, 2012 12:01 am

What's the least defensible special break in the U.S. tax code? With so many distortions to choose from, it's hard to name just one. If forced to pick, I might say the deduction for state and local taxes, which cost $67 billion in fiscal 2011, according to the congressional Joint Committee on Taxation.

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