http://projects.newsobserver.com/tags/alternative_minimum_tax Comments for "alternative minimum tax" en http://projects.newsobserver.com/under_the_dome/tax_deduction_reduces_n_c_burden#comment-9757 <p>State and local governments cannot change federal tax policy, so the question of tax burden should focus on state and local taxes exclusive of federal deductibility, whci.</p> <p>Sales tax can be deductible in states without an income tax and property tax is deductible everywhere - in both cases subject to the same narrow window of having enough deductions to itemize but not so many with so high an income as to bear the alternative minimum tax (AMT). North Carolina taxpayers benefit less from these deductions than residents of other states even though North Carolina's state and local sales tax rate is comparable to Tennessee's, which has no income tax.</p> Fri, 05 Sep 2008 09:44:13 -0400 JosephColetti comment 9757 at http://projects.newsobserver.com