Originally Posted by
Stitches
You high earner guys in deep blue states do know that the new tax bill is going to limit your ability to offset state taxes by deducting them against your federal return right?
....and offset by lower federal tax rates.
Cal resident, no kids, 26 yr Capt, Fed tax reduced by 4k next year. State reduced by 2k.
You can't take one snapshot and assume it means a thing.