So the new tax bill was written to deliberately mess over the states that lean Democrat. Particularly California and New York.
We have an ambitious politician here who’s challenging Diane Feinstein’s Senate seat who just came up with an answer to that: we can’t deduct state taxes now? Fine–what if we offer opting out of paying state taxes. Charitable contributions are still deductible, we’ll just set this up so… Quote: “Our hard-earned tax dollars should not be subject to double-taxation, especially not to line the pockets of the Trump family, hedge fund managers and private jet owners.” Alright then, he says. We’ll just finish writing up this bill, and then, you can donate to a state fund instead. We’ll make the contribution to the state funds 100% deductible on your state taxes–which means you can deduct it from your Federal.
Which will mess up their numbers. So sad.