States such as California and New York have the highest state and local taxes in the U.S.A.
No longer can people living in high tax states — such as California and New York — deduct their entire SALT taxes in their entirety from their federal tax bill. They can only deduct a maximum of 10 K.
As the Bay Area has a handful of counties where homeowners pay high state and local taxes — this matters mightily whether high income homeowners keep paying those rates and stay in CA.
Thus the underlying question — are CA politicians and their policies worth their SALT? Maybe it’s time to re-consider what CA taxpayers get for their money …..  written by Cameron JacksonÂ
Monerey Bay Forum
Fax: 831 688 7717
Email: jaj48@aol.com