Originally Posted by FXLAX

You can still deduct your mortgage (up to $750,000) and state and local taxes up to $10,000. And in some of these high tax states, like California where I think you live, you can still make all the business related taxes.

In reality, when the federal government allows people to deduct expenses or taxes incurred from the state they choose to live in, its subsidizing the residents of those states by the the residents of the low tax states. It’s simply unfair for a set of states to subsidize the other states that voluntarily tax their own residents at a high level.

Personally, I would rather us go to the FairTax and be done with ALL deductions by eliminating all other federal taxes. But that’s just my dream scenario.