Accurate, Focused Research on Law, Technology and Knowledge Discovery Since 2002

CBO: The Deductibility of State and Local Taxes

The Deductibility of State and Local Taxes, (54 pages, PDF)

  • “This Congressional Budget Office (CBO) paper, which was prepared at the request of the Ranking Member of the Senate Budget Committee, examines the arguments for and against the state and local tax deduction; how the benefits from the deduction are distributed among different groups of taxpayers and different governments; how the deduction and the AMT interact; and how modifying or eliminating the deduction would affect the federal budget, the finances of state and local governments, and federal taxpayers. In accordance with CBO’s mandate to provide objective, impartial analysis, the paper makes no recommendations.”
  • Sorry, comments are closed for this post.