The following excerpt is from an article that originally appeared on Bullets First
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With all the brouhaha over President Trump’s tax plan that gives tax cuts to over 80% of American taxpayers, there was some grumbling from states with absurdly high state and local taxes. You see, these states have so grossly mismanaged their own budgets and finances that they yolk their citizenry with high taxes to cover the state government’s malfeasance.
If it began and ended within the boundaries of those states it wouldn’t be that big of a deal. Alas that is not the case.
Citizens of these states, (among the most egregious being California, New York and Connecticut) have heretofore blithely went along with it because they could easily write off their high state taxes on their federal tax return. In effect, forcing those of us who do not have high state taxes, or even more so forpost was originally published on this site