[net.taxes] tax on taxes

dwl@hou5e.UUCP (08/29/83)

In response to the question about deducting Federal taxes from your
taxable income, no.  You may deduct state or local taxes (such as
the Sales Tax of New Jersey) from your taxable income when figuring
your Federal income tax.  Airline ticket tax or the Federal Excise
tax which appears on your phone bill are Federal taxes, and are not
deductible from your Federal Income tax.  

-Dave Levenson
-AT&T-IS
-Holmdel