Thursday, April 19, 2018

Trump's tax cut not for everyone: 1 million Californians will owe $12 billion more next year


By SacBee, April 15, 2018

President Donald Trump’s tax cuts will be anything but for about 1 million California taxpayers who will owe Uncle Sam more money a year from now.


They’re the Californians who will lose a collective $12 billion because the new law caps a deduction they have been able to take for paying their state and local taxes, according to a new analysis by the Franchise Tax Board.
Read More: http://www.sacbee.com

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