I wonder if the wealthy leaving California to avoid state income taxes now that the federal government penalizes states collecting it will finally be the impetus it needs to reform it's terrible property tax system.
And make make no mistake, if there's a large outflow of the moderately well off and up out of Califonia in recent years, it's probably because our last Congress capped the state tax deductions they could take.[1] Effectively making Bluer states pay for the most recent nationwide tax break.
Kind of a moonshot, but it's nice to imagine states leaving income taxes to the federal government because of this and just switching to land value taxes.
Some kind of fairer sales tax like a VATS are another alternative, but I hear too much about the trouble people have with them (added bureaucracy, carousel fraud) to actually like the idea.
And make make no mistake, if there's a large outflow of the moderately well off and up out of Califonia in recent years, it's probably because our last Congress capped the state tax deductions they could take.[1] Effectively making Bluer states pay for the most recent nationwide tax break.
Kind of a moonshot, but it's nice to imagine states leaving income taxes to the federal government because of this and just switching to land value taxes.
Some kind of fairer sales tax like a VATS are another alternative, but I hear too much about the trouble people have with them (added bureaucracy, carousel fraud) to actually like the idea.
[1] https://taxfoundation.org/tax-basics/salt-deduction/