[BeetleB]

There are quite a few problems with your comment:

Medicare + Social security is 6.2%, and you don't pay it for income above $118.5K.

The 70% is marginal, not on the whole income.

The employer share (what you call 7%) is mostly irrelevant to the employee. It doesn't show up in my tax forms.

The whole point was that the exorbitant cost of living in CA would become unsustainable with such a tax, and the system will shift to account for it.

And finally:

>are you just trolling for responses? well you got me.

Violating HN guidelines.

[masonic]

  Medicare + Social security is 6.2%, and you don't pay it for income above $118.5K.

(Using TY2018 numbers): no, SS alone is 6.2% and Medicare is 1.45% (each to both employee and employer). Cap for SS is $128.4K, but there is not only no cap for Medicare, there is a surtax above $200K, taking it to 2.35% for income over $200K.