• Natalie C. Papagni, CPA

Moving Out of CA? Specific Multi-State SALT Projections Based on Income & Lifestyle Goals Matter

Updated: Jul 12, 2020

Who Pays: A Distributional Analysis of the Tax Systems in All 50 States (the 2018 edition) is the only distributional analysis of tax systems in all 50 states and the District of Columbia. The report assesses tax fairness by measuring effective state and local tax rates paid by all income groups.

No two state tax systems are the same. The report is compelling as it reveals the effect of current state and local tax laws, reflecting the effect of tax changes enacted through September 10, 2018 – including the effect of automatic changes in state tax policy related to “The Tax Cuts and Jobs Act,” as well as law changes enacted in dozens of states in the wake of that law for all major income groupings. In cases where tax changes enacted have not yet taken full effect, the ITEP models changes as if they were already fully implemented.

While the charts below present 2018 data based on averages, the results are compelling and indicate the importance of architecting multi-case and multi-state tax projections based on your unique earned and capital gains, tax structure, including carry-carry forwards, deductions and credits, property, sales and excise tax and household structure.

Call us for a confidential consultation if would value discussing and modeling your unique situation and evaluate your income, property and sales and excise tax exposure across state borders prior executing key decisions that will impact your family's tax cash outflows, and financial future.

Cobalt PacWest Advisors

CPAs & Advisors

303 Twin Dolphin Drive # 600

Redwood Shores, CA 94065

221 Main Street # 1416

Los Altos, CA 94022


16 views0 comments