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Archive for January 15th, 2018


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Tax Deduction Trick Leaves Punitive Rates in Place


Monday January 15th, 2018   •   Posted by K. Lloyd Billingsley at 11:50am PST   •   0 Comments

As we noted, the new federal tax bill caps the amount state taxes filers can deduct on their federal return at $10,000. That displeases California’s senate boss Kevin de Leon, whose Protect California Taxpayers Act will allow Californians to pay their state income taxes as though they were a charitable donation, and therefore fully…
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