I favor eliminating the Federal deduction for State Income Taxes…even though it would hurt me and all my relatives here in California. Why? This article from WaPo (hattip Instapundit) goes into some depth from the perspective of the States that AREN’T named “California” or “New York” (aka: most of ya’ll). Cut the State Income Tax Deduction
But my biggest reason is this: maybe people in this State will appreciate at least a small part of the folly of consistently raising taxes. I doubt it…but maybe.
But for now, at least some of the sting of higher taxes in this State, is absorbed by the fact that we get to slough some of the burden off on everybody else..so Californias are indirectly raising everyone else’s taxes too…and we Californians LOVE having someone else pick up the tab!
“Waiter…check please…and, um, give it to that wealthy-looking couple over there!”