My best estimate is that California receives a $30 BILLION dollar a year subsidy from the rest of us via their SALT deduction. Could be up to @50 billion, but I’m conservative and info is not easy to get.
That’s quite a handout to California (and they don’t even say ‘thank you’ like a bum on the street would).
It’s bad policy to send money from poorer areas to richer ones via the tax code. Especially to the businesses there, but even individuals too. If they want to pay a lot for local services then let them pay their own money.
“My best estimate is that California receives a $30 BILLION dollar a year subsidy from the rest of us via their SALT deduction.”
When the wealthy California taxpayer, that largely votes DEMOCRAT, finally has to pay THIER FAIR SHARE, they are going to scream bloody murder about it.
WHICH IS EXACTLY THE POINT, FOLKS