It is remarkable that California, New York, and other states are seriously devoting resources to figuring out how to lower federal taxes on their wealthiest residents.
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Replying to @ScottElliotG
Combination of: --Political clout --Prospect that people/businesses could move Note that income tax --> payroll tax shift could have broader benefit beyond itemizers.
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Replying to @RichardRubinDC @ScottElliotG
the 1% floats the CA state government budget. Question: Is this ratio more or less than other states? I haven't been able to find comparative data: http://www.lao.ca.gov/LAOEconTax/Article/Detail/7 …
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CA would like to raise taxes on the 1% for CA things, not estate/corporate tax cuts.
6:36 PM - 8 Jan 2018
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