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Old 11-07-2012, 09:43 PM   #1
MikeWaters
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Default California income tax

If you make 250k in California, after Jan 1, you will be paying at least 53% in income tax (federal + state).

I imagine that Cali Coug makes some good change. I'm sure he'll be grateful to contribute to the cause and pay this handsome sum.

I wish they would drive taxes in CA up even higher.
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Old 11-07-2012, 11:46 PM   #2
Archaea
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Default

Quote:
Originally Posted by MikeWaters View Post
If you make 250k in California, after Jan 1, you will be paying at least 53% in income tax (federal + state).

I imagine that Cali Coug makes some good change. I'm sure he'll be grateful to contribute to the cause and pay this handsome sum.

I wish they would drive taxes in CA up even higher.
California can charge people 90% for all I care. Since wealth is evil and the state is always good and charitable, it seem those taxes are far too low. Let's have them experiment to see what impact ultra high taxation has on investment and an economy.
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