{"id":1454,"date":"2005-06-14T14:31:25","date_gmt":"2005-06-14T14:31:25","guid":{"rendered":"http:\/\/zmetro.com\/?p=1454"},"modified":"2005-06-14T14:31:25","modified_gmt":"2005-06-14T14:31:25","slug":"fifty_states_a","status":"publish","type":"post","link":"https:\/\/www.zmetro.com\/?p=1454","title":{"rendered":"Fifty States, A Thousand New Tax Laws = Decoupling"},"content":{"rendered":"<p><a href=\"http:\/\/www.inc.com\/magazine\/20050601\/taxes.html\">Amy Feldman<\/a>:<\/p>\n<blockquote><p><i>For most of the 92 years since the federal income tax was established, the states followed Washington&#8217;s lead concerning how to tax people and businesses. That ended in 1981, when 21 states adopted their own rules on depreciation in response to a Reagan tax cut. Many of these renegades &#8212; California being a notable exception &#8212; later went back to a more uniform tax code. But the precedent was set. When Congress began slashing federal rates in 2001, many cash-strapped state legislatures opted to go their own way once again.<br \/>\nTax experts call this &#8220;decoupling.&#8221; That&#8217;s a jargony name for a practice that can &#8212; and most likely will &#8212; cause you to run screaming to your accountant. &#8220;It is a zoo,&#8221; says Jere Doyle, an estate-planning and tax expert in Mellon Financial&#8217;s Boston office. &#8220;Everybody thinks &#8216;federal, federal, federal,&#8217; and assumes that the same rules will apply at the state levels. But they do not<\/i><\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>Amy Feldman: For most of the 92 years since the federal income tax was established, the states followed Washington&#8217;s lead concerning how to tax people and businesses. That ended in 1981, when 21 states adopted their own rules on depreciation in response to a Reagan tax cut. Many of these renegades &#8212; California being a [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[17],"tags":[],"_links":{"self":[{"href":"https:\/\/www.zmetro.com\/index.php?rest_route=\/wp\/v2\/posts\/1454"}],"collection":[{"href":"https:\/\/www.zmetro.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.zmetro.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.zmetro.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.zmetro.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1454"}],"version-history":[{"count":0,"href":"https:\/\/www.zmetro.com\/index.php?rest_route=\/wp\/v2\/posts\/1454\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.zmetro.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1454"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.zmetro.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1454"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.zmetro.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1454"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}