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Reader Comments:

 

Brown Defends Prop. 30, Knocks Schwarzenegger for State's Budget Deficit Back to Article >>

2

09/07/2012

Richard Rider

California ALREADY has the 2nd worst state income tax in the nation. 9.3% tax bracket starts at $48,029 for people filing as individuals. 10.3% tax starts at $1,000,000.

Governor Brown has put on the ballot a prop to change the “millionaires’ tax” to 13.3%, starting at $500,000 – including capital gains. If approved, CA will be by far #1 in income tax rates. We will be 21% higher than the 2nd highest state (Hawaii), 34% higher than the 3rd highest state (Oregon), and a heck of a lot higher than all the rest – including six states with zero state income tax.

CA ALREADY has the highest state sales tax rate in the nation. 7.25% (does not include local sales taxes).


www.riderblog.notlong.com

1

09/07/2012

Richard Rider

California ALREADY has the 2nd worst state income tax in the nation. 9.3% tax bracket starts at $48,029 for people filing as individuals. 10.3% tax starts at $1,000,000.

Governor Brown has put on the ballot a prop to change the “millionaires’ tax” to 13.3%, starting at $500,000 – including capital gains. If approved, CA will be by far #1 in income tax rates. We will be 21% higher than the 2nd highest state (Hawaii), 34% higher than the 3rd highest state (Oregon), and a heck of a lot higher than all the rest – including six states with zero state income tax.

CA ALREADY has the highest state sales tax rate in the nation. 7.25% (does not include local sales taxes).


www.riderblog.notlong.com

 
 

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