The Tax Fairness Amendment of 2009 would allow single taxpayers with Adjusted Gross Income (AGI) of $75,000 or less and married taxpayers filing jointly with AGI of $125,000 or less to continue to deduct 100% of their federal income tax payments.
The plan reduces the federal income tax deduction (FIT) by 1% for each $1,250 of AGI in excess of $75,000 for single taxpayers and $2,750 of AGI in excess of $125,000 for married taxpayers filing jointly.
The plan does not eliminate the federal income tax deduction until the AGI of taxpayers reaches $200,000 for singles and $400,000 for those married filing jointly.