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Showing posts with label FICA deduction. Show all posts
Showing posts with label FICA deduction. Show all posts

Thursday, September 3, 2015

Bentley’s latest proposal would raise Alabamians’ taxes by at least $260 million annually


Bentley’s latest proposal would raise Alabamians’ taxes by at least $260 million annually


Article Excerpt: "...Alabama House Speaker Mike Hubbard last December summed up much of the opposition to eliminating the FICA deduction. “I am opposed to removing the federal income tax deduction because it would basically require individuals to pay state taxes on their federal taxes, which is money they never even received,” he explained. But eliminating the deduction is by far the largest part of Gov. Bentley’s latest proposal ..."


Reference: yellowhammernews.com