"The plan would also eliminate the deduction for state and local taxes, a step that could hurt taxpayers in places with high state taxes such as California and New York."
Relevant to the tech industry for that reason; salaried workers in those states would be the ones funding tax cuts for everyone else.
ospc.org/TaxBrain is an open source platform for analyzing tax policy. You can forecast revenue and distributional consequences for most of the individual and payroll tax provisions in this reform and others.
I am happy to answer any questions about the TaxBrain interface or the underlying models.
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[ 4.0 ms ] story [ 29.2 ms ] threadBut "pure politics" (per HN guidelines), unfortunately.
Relevant to the tech industry for that reason; salaried workers in those states would be the ones funding tax cuts for everyone else.
The current system is the unfair one -- people in Wyoming are subsidizing people in California.
I am happy to answer any questions about the TaxBrain interface or the underlying models.