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 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?

Answer rating: 100% (QA)

Federal taxes and state taxes are applied to the income generated by the people according to the rates being fixed The federal taxes are collected by the federal government and state taxes are collect... View the full answer