can apparently be deducted from your Federal Income Tax.
At least that's my understanding. My state doesn't have a state income tax and I'm not an accountant, so I really don't know.
However, that's my understanding. And, given that, as long as that is the case (and the current GOP Tax bill proposes to eliminate that), aren't we kind of being schmucks for not having a state income tax at some point? It's not like the taxpayers actually save money, it's deductible. So you pay the same amount, we just pay it to the Federal government.
Unless I'm missing something.
Which I may very sell be.