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Restructuring the State tax system to Save

 Andrew J. Chang & Justin L. Adams
  20th-Aug-2010
Description: Devising a Tax System for California, current situation. Restructuring the State tax system would save California taxpayers as much as $24 billion in Federal taxes over the next 5 years, In FY 2010-11, Californians would save $4.5 billion in Federal taxes by making the amount paid in State sales tax deductible on Federal personal income taxes, There are three factors to consider if you contemplate leveraging the Federal tax, The taxes could be consolidated into a corporate.
Views: 2163
Domain: Business
Category: IP/Law
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Contents:
F O R D I S C U S S I O N

Devising a Tax System for California

Prepared by:

Chang & Adams Consulting
February 2010

2

Our current situation

In September 2009, the Commission on the 21st Century Economy issued its recommendations by which the State should reform its tax policy in order to modernize, stabilize and simplify the current tax codes. Though the Commission was very specific in so ... See more

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