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Are the July tax revenue numbers really from July or possibly from mid to late June where the CA 2nd quarter income tax withholdings (a bit front loaded so no 3rd quarter is due 9/15) and the huge pass-thru entity tax election payments are both due June 15th? The pass-thru entity tax payment is 1/2 of the total prior year SALT tax and paid at the entity level. I'm aware of quite a few large payments that were made for the option of lowering the federal tax even before knowing whether there will be taxable income for 2024.

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