San Francisco Chronicle: Tax Reform–Look out Californians

Another point to consider: The corporate tax cuts are permanent, while the individual tax cuts are not. Nationwide, only one income group — individuals making $20,000 to $30,000 — would still be receiving a tax cut by 2027. An analysis by the Institute on Taxation and Economic Policy projected that Californians would be paying a cumulative $12.1 billion in personal income taxes in 2027. Read more