Thursday, January 18, 2018
Obama's IRS would Trump's not so much.
Would you try this even if the measure is passed by California legislature?
For Democrats it's always Party over country!
That fear animates Senate President pro tem Kevin de León’s bill that would allow California residents to write off their state taxes on their federal returns as a charitable deduction, as well as other proposals that Assembly leaders have hinted they’re preparing to offer. De Leon’s bill cleared a second committee this week and is on its way to a vote on the Senate floor. Trump administration officials say it won’t pass muster with the IRS.
Democratic state lawmakers are worried because California relies so heavily on the income taxes it collects from high earners to fund government services. The state’s wealthiest 1 percent, for instance, pay 48 percent of its income tax, and the departure of just a few families could lead to a noticeable hit to state general fund revenue.
Labels:
Democrats,
IRS,
tax cheats
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment