StateIncomeTaxes

Several states are currently weighing plans to phase out state income tax; the aftermath of similar policies in other states suggests that these initiatives could carry a very high price for some of the country's poorest citizens.

Californians like me will see less money in their next paycheck because, like it or not, we're being forced to give an interest-free loan to the financial basket-case of a state we live in. As of November 1, California is withholding 10% more in income taxes from residents' paychecks. The move is...