Explain the deductibility of state income taxes verses state sales tax. Also discuss the deductibility of a

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Explain the deductibility of state income taxes verses state sales tax. Also discuss the deductibility of a value-based tax verses a flat fee or flat tax. Lastly explain the limitations placed by the 2017 tax act.

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Income Tax Fundamentals 2020

ISBN: 9780357108239

38th edition

Authors: Gerald E. Whittenburg, Martha Altus-Buller, Steven Gill

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Posted Date: Oct 10, 2020 04:21 PM

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Explain the deductibility of state income taxes verses state sales tax. Also discuss the deductibility of a

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If a taxpayer decides to itemize the deductions and lives in one of the 43 states with income taxes in such a case heshe has the option to deduct eith... View the full answer

Income Tax Fundamentals 2020

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