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re: Anyone else hearing rumors of Coley leaving?

Posted on 1/23/20 at 11:03 am to
Posted by deeprig9
Unincorporated Ozora, Georgia
Member since Sep 2012
64611 posts
Posted on 1/23/20 at 11:03 am to
State taxes are deductible from federal taxable income so he'll pay more federal.
Posted by fibonaccisquared
The mystical waters of the Hooch
Member since Dec 2011
16898 posts
Posted on 1/23/20 at 11:11 am to
quote:

State taxes are deductible from federal taxable income so he'll pay more federal.


Well... yes/no... The new rules from last year made you pick between property/income, with a cap at 10k deductible... At his salary and what I imagine his house looks like, he's hitting the cap on either end I have to assume.
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