Why it Makes Sense that State and Local Taxes are Deductible Stan Veuger | Newsweek State and local taxing power should precede federal taxing power; and, logically, state and local taxes paid should thus be excluded from the federal tax base. The central, federal...
SALT Repeal: Illustrated Alex Brill | AEIdeas The SALT deduction is the largest itemized deduction and one of the largest tax expenditures in the entire tax code. I estimate that its repeal would raise $1.4 trillion in new revenue over a decade. In the piece for The...
