Trump Administration Proposes 'Massive' Tax Overhaul and Tax Cut Plan

npr.org

10 points·sgustard··8 comments

"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.

AMT is also planned on going away though, which would more than make up for this.

You've got it backwards -- the current system allows individuals in high tax states to pay less to the Federal Government than everyone else.

The current system is the unfair one -- people in Wyoming are subsidizing people in California.

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.

Reprehensible and newsworthy, for sure.

But "pure politics" (per HN guidelines), unfortunately.

If you feel this (or any other submission) is inappropriate for HN, please flag it. We all play a role in curating HN.

I did flag it, per the explanation above.

Public policy is not politics. I was happy to have an opportunity to comment about some open source tax modeling resources.

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