New Tax Plan to Punish CA

[WFHorn85]

Oh the irony here...the new tax plan being put forward would cripple CA taxpayers and the state government. Essentially, they’ve raised the state and local taxes to such a ridiculous level in CA that they have shifted the tax revenue from going to the feds to going to the state. The new tax plan would eliminate the state and local tax deduction on federal returns thus increasing federal taxes to CA citizens.

http://www.latimes.com/business/la-fi-trump-tax-california-20170927-story.html

 

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