#california-tax-policy

[ follow ]
fromwww.mercurynews.com
1 week ago

Opinion: This California loophole makes passing new local taxes easier

Frustrated by the inability to gain supermajority voter support for tax hikes, government officials and special interests are turning to a new court-created loophole: voter initiatives that require only a simple majority to pass.
California
fromABC7 San Francisco
3 weeks ago

SALT cap raised to $40,000 will benefit California homeowners, experts say

"In a place like the Bay Area, where you have a disproportionate number of people who are itemizers and who are earning a lot of money but aren't earning a lot a lot of money - so under 500K but over 100 or 200K - in order for them to not be taking a standard deduction, this amount of money could be substantial," said Darien Shanske, professor of law at UC Davis.
California
[ Load more ]