Rob Sweeney wrote:
> * Michael S. Lorrey <email@example.com> [000523 09:58]:
> > KPJ wrote:
> > > It appears as if Michael S. Lorrey <firstname.lastname@example.org> wrote:
> > > |One thing that's different (I believe) between the US taxation system and
> > > |that in the UK is the state (and in some places local) tax component we
> > > |have. [..]
> > > You are in error.
> > > In the part of Europe called Sweden, the total of state, municipal and regional
> > > [...]
> > I did not say that.
> I did. You're right, we're not at Swedish levels - and may we never get
> there! The point I was trying to make was the difference in what the
> taxing entities are in the US - you can't just look at taxation by the
> Federal government because in many parts of the country there's a signifigant
> layer of state and local-level government, and hence taxation, too.
> Some parts of Europe have a similar situation as you describe.
Living in a no-income tax state, this is all academic for me, but from my Vermont
freinds I understand that state income tax is deductible from your federal income tax.
Is this or is this not true? If it is, then state income tax has no effect.
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