Wednesday, June 01, 2005

Tax legislation: From good to bad to plain foolish

Tax legislation: From good to bad to plain foolish:
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"Legislators also indexed the standard income tax deduction for inflation, and eliminated a so-called marriage penalty relating to income tax credits for charitable contributions to help the working poor and for private and public schools. In practice, that means that married taxpayers can direct a larger share of their tax liability to favored causes rather than the state's General Fund - itself a dubious tax policy."

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