I have just finished computing my California income taxes for 1987, and I am aghast at the results. Under the pretext of "conforming" California's income tax code to the Tax Reform Act of 1986, Gov. George Deukmejian and the California Legislature raised my income taxes by 65%!
To obtain this increase, I calculated California income taxes on my 1987 income and deductions using the 1987 tax rates and rules and then a second time using the 1986 tax rates and rules. The result is an increase of $2,000 or 65%!