Leave it to the New York Times to come up with a headline that makes it look as  though states are taking in so much money because of the federal tax cuts that it's a problem:   Federal Tax Cuts Leave States in a Bind The federal tax overhaul cut taxes for millions of American families and businesses.  But the law also had an unintended effect: raising the state-tax bite in nearly every state that has an income tax. Now, governors and state legislators are contending with how to adjust their own tax codes to shield their residents from paying more or, in some cases, whether to apply any of the unexpected revenue windfall to other priorities instead. Does anyone think high-tax states will make sure state residents don't pay more money? States with income taxes are going to be in a bigger bind if stock prices and dividends continue to go up because that will yield the states a lot more money than it would have received...(Read Full Post)