{"id":239,"date":"2015-02-18T15:23:06","date_gmt":"2015-02-18T21:23:06","guid":{"rendered":"http:\/\/www.cookco.us\/news\/?p=239"},"modified":"2015-02-18T15:23:06","modified_gmt":"2015-02-18T21:23:06","slug":"the-reality-of-governor-bentleys-tax-proposal","status":"publish","type":"post","link":"https:\/\/cookco.us\/news\/the-reality-of-governor-bentleys-tax-proposal\/","title":{"rendered":"The Reality of Governor Bentley’s Tax Proposal"},"content":{"rendered":"

Alabama Governor Robert Bentley wants to do away with the deduction for federal taxes on Alabamians’ state income tax returns.<\/h4>\n

\"Gregory<\/a><\/p>\n

We had a young married couple in last week that are just getting started in family life. They have two automobiles, they both work and their combined income was approximately $52,000 ($26,000 each). They also have a home with a mortgage payment and a 14 month old baby.<\/h6>\n
This young couple’s state taxes were $1,800 and they had $1,650 withheld, so they owed Alabama $150. If our Governor gets his way, they would have lost the deduction for federal income taxes and Social Security and Medicare taxes totaling $5,957.<\/h5>\n

Instead of owing Alabama $150, they would owe $448.<\/h3>\n

On the other hand, we had a retired business executive who draws $240,000 per year from a Defined Benefit Retirement Plan, who pays -0- state income tax and could care less if his federal taxes are deductible, because it doesn’t matter. He will still pay -0- after Bentley’s tax increase.<\/h6>\n

Do you think Bentley’s proposal is a fair, Christian approach to solving the state’s need for more money in Montgomery?<\/h3>\n","protected":false},"excerpt":{"rendered":"

Alabama Governor Robert Bentley wants to do away with the deduction for federal taxes on Alabamians’ state income tax returns. We had a young married couple in last week that are just getting started in family life. They have two automobiles, they both work and their combined income was approximately $52,000 ($26,000 each). They also […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"apple_news_api_created_at":"","apple_news_api_id":"","apple_news_api_modified_at":"","apple_news_api_revision":"","apple_news_api_share_url":"","apple_news_cover_media_provider":"image","apple_news_coverimage":0,"apple_news_coverimage_caption":"","apple_news_cover_video_id":0,"apple_news_cover_video_url":"","apple_news_cover_embedwebvideo_url":"","apple_news_is_hidden":"","apple_news_is_paid":"","apple_news_is_preview":"","apple_news_is_sponsored":"","apple_news_maturity_rating":"","apple_news_metadata":"\"\"","apple_news_pullquote":"","apple_news_pullquote_position":"","apple_news_slug":"","apple_news_sections":[],"apple_news_suppress_video_url":false,"apple_news_use_image_component":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-239","post","type-post","status-publish","format-standard","hentry","category-news"],"apple_news_notices":[],"_links":{"self":[{"href":"https:\/\/cookco.us\/news\/wp-json\/wp\/v2\/posts\/239","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cookco.us\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cookco.us\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cookco.us\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cookco.us\/news\/wp-json\/wp\/v2\/comments?post=239"}],"version-history":[{"count":0,"href":"https:\/\/cookco.us\/news\/wp-json\/wp\/v2\/posts\/239\/revisions"}],"wp:attachment":[{"href":"https:\/\/cookco.us\/news\/wp-json\/wp\/v2\/media?parent=239"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cookco.us\/news\/wp-json\/wp\/v2\/categories?post=239"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cookco.us\/news\/wp-json\/wp\/v2\/tags?post=239"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}