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It's not a surprising trend, there's been a steady build up of tax reasons that have made California a worse deal: - removing the SALT deduction hurts Californ
by ultrasaurus 3y ago
It's not a surprising trend, there's been a steady build up of tax reasons that have made California a worse deal:
- removing the SALT deduction hurts Californians (and NY most) with their high taxes and high wages
- Capping the mortgage deduction to $750k only matters in places where houses are over $1MM (like California)
- Because even federal taxes are progressive, if you can work remote make half as much money in a place that costs half as much, you'll take home proportionally more