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re: 4 states sue US to void cap on state and local tax deduction
Posted on 7/17/18 at 2:32 pm to WPBTiger
Posted on 7/17/18 at 2:32 pm to WPBTiger
quote:
a deduction that has been on the books since 1861
wut
There weren't federal income taxes until 1913.
ETA: I may be wrong - the system as it exists today was implemented in 1913. I think Lincoln may have instituted a temporary wartime income tax.
This post was edited on 7/17/18 at 2:42 pm
1
Posted on 7/17/18 at 2:34 pm to HempHead
They'll win , at least until the matter gets to SCOTUS.
Too bad Ryan doesn't have the balls to go after judges who find in favor of this nonsense.
Too bad Ryan doesn't have the balls to go after judges who find in favor of this nonsense.
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