re: The state income tax deduction is a great illustration of the problems of our tax system

quote:

---

i don't think that big of a % of our population deals with personal deductions and they will benefit greatly from the larger standard deduction

---

The problem is that the taxpayers who do itemize deductions tend to be higher income and have job skills which are portable. It's not inconceivable that these folks will pick up and move a few hours west to save several thousand dollars in taxes (I'm already thinking about it), so what we end up with is a drain of the high paying / higher discipline jobs, along with their associated income and tax base, not to mention ancillary support type (low skill) jobs created by these folks. I'm far from a trained economist, but my layman opinion is that this cannot be good for our state.