I expect that we will see states with high income taxes get even more aggressive in attempting to claim residents really haven’t left the state for income tax purposes. Ultimately they won’t be successful which will lead to tax increases and an ever more vicious cycle of rich people leaving.
If a state has high income taxes, and the federal government stops subsidizing them by limiting the federal deductibility of SALT taxes, comedy ensues.
Looks like Chicago is going the extra mile to squeeze every last ounce of revenue from its beleaguered citizens. What a bunch of crooks.
Giving the IRS more power is like giving a teenage boy liquor and the keys to a car.
Here is an excellent example of citizen journalism in the digital age. Sounds like the Mayor has some explaining to do.
Giving churches a tax break for preaching the government mandated position. I can’t imagine any attorney thinking this would pass a constitutional challenge. I have relatives in Maryland and the “rain tax” is universally despised.
