Lots of ignorance here. california actually contributes billions more than it takes from the Federal treasury. The freeloader states are mostly in the deep south. If California seceded tomorrow it would have more than enough to educate every illegal and fund 100% of Jerry “flush it” Brown’s train to nowhere.
The article is poorly written and conveniently omits the fact that many millions received a tax cut because the Trump tax plan eliminated AMT for many upper middle CA taxpayers. That part will save me somewhere between $5-10k this year. Most of these taxpayers never got the full benefit of the state tax deduction due to AMT. But that doesn’t fit the liberal agenda.
Lots of ignorance here. california actually contributes billions more than it takes from the Federal treasury.
That is correct, however the rest of the country does indeed pay for California’s government.
I would think the cap on deducting local and state taxes took a big bite, as well. But I agree, rich liberals beg to have their taxes increased, so they should be delighted.