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Zorro

(15,740 posts)
Sat Oct 28, 2017, 10:35 PM Oct 2017

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

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GOP says lower-tax states are subsidizing California. It's the other way around (Original Post) Zorro Oct 2017 OP
McCarthy has been and remains an idiot! machoneman Oct 2017 #1
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