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Upper-Income Earners Benefit Most from State and Local Tax Deduction

Created on March 26, 2015

Upper-Income Earners Benefit Most from State and Local Tax Deduction

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Read the original report, "Time to End the Federal Subsidy for High-Tax States," by Rachel Greszler and Kevin D. Dayaratna.

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Source: U.S. Congress, Joint Committee on Taxation, “Estimates of Federal Tax Expenditures for Fiscal Years 2014–2018,” August 5, 2014, p. 35, Table 2, and p. 36, Table 3, https://www.jct.gov/publications.html?func=startdown&id=4663 (accessed February 19, 2015).

CHART 2 • BG 2999

Tags: tax-preference, deduction