a|44: Speaking of taxes, namely tax reform, I heard some British guy who has a show on Fox News on Sunday nights rail against the deduction for State and local income taxes, which he said is a gift to the privileged. Eliminating the deduction is on the table, which will amount to a tax increase on the middle class.
Residents of States like yours and mine that have high State-income taxes will really take a hit. California's personal income tax is 13 percent. Could this be a political payback directed at people in deep "blue" States (Md., N.Y., California)?
I don't think a Brit should be espousing his views on our tax system, and he can keep his European opinion in Europe.
By forewarned, the middle class is under attack big time in the tax reform package that is being put together.
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