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 @renderpaz State taxes aren't deductible if you're paying AMT, which happens to a lot of the entrepreneurs that @bgoldberg is talking about.

 

Also, your calculations are wrong--you'd be paying an additional $45K more than what you paid before prop 30 in California and ~$250,000 more than what you'd pay if you lived in Austin or Seattle (no state income tax).

1 year, 11 months ago on Proposition 30: Yet another way California screws entrepreneurs over

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