President Donald Trump displays his $1.5 trillion tax overhaul package in the Oval Office. Though wealthy taxpayers cheered it, it has cost well-off Californians because it slashed a previously lucrative deduction for state and local taxes.
President Donald Trump displays his $1.5 trillion tax overhaul package in the Oval Office. Though wealthy taxpayers cheered it, it has cost well-off Californians because it slashed a previously lucrative deduction for state and local taxes. Evan Vucci AP
President Donald Trump displays his $1.5 trillion tax overhaul package in the Oval Office. Though wealthy taxpayers cheered it, it has cost well-off Californians because it slashed a previously lucrative deduction for state and local taxes. Evan Vucci AP

The rich are fleeing California. Flatter, lower taxes will bring them back

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July 05, 2018 04:45 AM