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Political Factoid
2012 GOP candidate Mitt Romney
said he would likely eliminate
deductions for state income and
property taxes.
Further increasing the multiple taxation on
American workers.
- Pay federal payroll taxes on wages.
- Pay state income taxes on wages.
- Pay federal income taxes on wages,
including those on which income taxes
have already been paid to the state.*
- Pay property taxes to local governments
(without being able to deduct them on
federal income taxes).*
- Pay sales taxes when spending what
is left (to the extent there is any
left).
| * |
New under the Romney plan
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