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Introduction Tax laws rules and regulations change mostly every year and people in the business need to keep up with the fast pace of those changes. Usually, when congress wants to set a rule, they start by issuing it for a limited set of time. The latest try out of congress is section 164 (b) (5), which gives taxpayers who elect to itemized their deductions an option to take their state and local general sales taxes, in lieu of state and local income taxes. As the law is expiring in December 2005, congress needs to decide whether the law should be extended or not. The purpose of this paper is to present an argument against extending section 164 (b) (5). Whose entitle to explore that option? Proponents of extending section 164 (b) (5) contends that this is a benefit for taxpayers because they have an option to take what benefit them the...

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