HomeLatest ThreadsGreatest ThreadsForums & GroupsMy SubscriptionsMy Posts
DU Home » Latest Threads » Forums & Groups » Places » U.S. » California (Group) » GOP says lower-tax states...

Sat Oct 28, 2017, 10:35 PM

GOP says lower-tax states are subsidizing California. It's the other way around

The main Republican argument for killing the state and local tax deduction is that the break forces residents of low-tax states to subsidize those in California and other high-tax states.

But when it comes to federal taxes, the data show that it’s the other way around. And it could get worse for Californians if the deduction is eliminated as part of the GOP tax overhaul.

California is among 13 states that ship more tax money to Washington than they get back in federal spending, according to the Rockefeller Institute of Government, a public policy think tank in Albany, N.Y.

They’re known as donor states, a title California has held for years, mostly because of the state’s relatively younger population and large number of high-income earners.

http://www.latimes.com/business/la-fi-state-local-tax-subsidy-20171029-story.html

1 replies, 1598 views

Reply to this thread

Back to top Alert abuse

Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
Arrow 1 replies Author Time Post
Reply GOP says lower-tax states are subsidizing California. It's the other way around (Original post)
Zorro Oct 2017 OP
machoneman Oct 2017 #1

Response to Zorro (Original post)

Sat Oct 28, 2017, 10:51 PM

1. McCarthy has been and remains an idiot!

Once an idiot, always an idiot!

Reply to this post

Back to top Alert abuse Link here Permalink

Reply to this thread